Do Kwon faces fraud charges in the United States and South Korea as authorities compete to extradite the Terraform Labs co-founder.Kwon, a South Korean national, has seemingly preferred extradition to his native country rather than the United States. He faces criminal charges in both countries but has been in Montenegrin custody since his arrest in the country in March 2023 for using falsified travel documents. Authorities are weighing competing extradition requests.
Han Chang-joon, Terraform Labs’ former chief financial officer, was arrested in Montenegro at the same time as Kwon but extradited to South Korea in February. In April 2023, South Korean authoritiesBitcoin price retests $63K despite GBTC outflows dropping below $100MHistory of Crypto: Bitcoin — Satoshi Nakamoto’s response to the global financial crisis
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Montenegrin court rejects Do Kwon’s appeal to stop extradition to South KoreaTerraform Labs co-founder Do Kwon could face “several criminal offenses” in South Korea if his extradition from Montenegro moves forward.
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