South Korea Gains Custody of Han Chang-joon in Terra Crypto Collapse
- Terraform Labs CFO Han Chang-joon was extradited to South Korea.
- Co-founder Do Kwon’s extradition status remains uncertain.
- Terra’s $60 billion collapse led to legal troubles and international attention.
Terraform Labs’ financial officer Han Chang-joon has been extradited to South Korea after being arrested in Montenegro. Han, along with the co-founder of the company, Do Kwon, was detained in South Korea after an unsuccessful escape attempt on a private jet in March 2023, thus ending an international six-month search.
According to official police reports, the Montenegrin Ministry of Justice decided to extradite Han. In addition to this, South Korean authorities plan to prosecute, launching criminal proceedings over several counts of financial fraud that could lead to life imprisonment in South Korea.
Following Han’s extradition, Do Kwon’s extradition appeal outcome remains undisclosed. Kwon has been …
The post South Korea Gains Custody of Han Chang-joon in Terra Crypto Collapse appeared first on Coin Edition.
Read More
Pump.fun Swiftly Raises $500M in Public Sale at $4B Fully Diluted Valuation
AI-Focused Crypto Assets Gain Spotlight in Latest Grayscale Report
South Korea Gains Custody of Han Chang-joon in Terra Crypto Collapse
- Terraform Labs CFO Han Chang-joon was extradited to South Korea.
- Co-founder Do Kwon’s extradition status remains uncertain.
- Terra’s $60 billion collapse led to legal troubles and international attention.
Terraform Labs’ financial officer Han Chang-joon has been extradited to South Korea after being arrested in Montenegro. Han, along with the co-founder of the company, Do Kwon, was detained in South Korea after an unsuccessful escape attempt on a private jet in March 2023, thus ending an international six-month search.
According to official police reports, the Montenegrin Ministry of Justice decided to extradite Han. In addition to this, South Korean authorities plan to prosecute, launching criminal proceedings over several counts of financial fraud that could lead to life imprisonment in South Korea.
Following Han’s extradition, Do Kwon’s extradition appeal outcome remains undisclosed. Kwon has been …
The post South Korea Gains Custody of Han Chang-joon in Terra Crypto Collapse appeared first on Coin Edition.
Read More
Pump.fun Swiftly Raises $500M in Public Sale at $4B Fully Diluted Valuation