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The culprit of cryptozima personally finds out where it is better to go to prison – in South Korea or the United States.
The founder of Terraform Labs, Do Kwon, who is wanted in South Korea and the United States, will soon be extradited from Montenegro. This decision followed the approval of the relevant request by the Montenegrin judicial authority. The Supreme Court has officially declared compliance with the legal requirements for the extradition of the accused, carried out at the request of the governments of South Korea and the United States.
Which country Do Kwon will go to remains unknown. The court said that Kwon agreed to be extradited to South Korea under a simplified procedure, but the final decision on his referral will be made by the Minister of Justice of Montenegro.
Kwon was detained in Montenegro in March 2023. He was arrested after entering the country on fake passports, and his South Korean passport was revoked more than 5 months before entering.
Kwon's location remained unknown after he left Singapore in 2022. Despite Kwon's claims that he was not in hiding, a warrant had already been issued for his arrest in South Korea for violations of capital markets laws. In addition, Kwon was subject to an Interpol Red Notice.
A red notice is a request to law enforcement agencies around the world to determine the location and preliminary arrest of a person pending extradition, extradition, or similar legal action.
Terraform Labs presented its Terra USD cryptocurrency and similar Luna tokens as reliable investments that are not subject to the risk of depreciation. However, these claims were refuted after the collapse of the company, which led to a financial loss of $40 billion. and created a chain reaction in the entire cryptocurrency industry, called "cryptozima".
Following Kwon's arrest at Montenegro Airport, a federal court in Manhattan, New York, indicted him on eight counts, including conspiracy to defraud, futures fraud, securities fraud, electronic communications fraud, and conspiracy to manipulate the market.
Do Kwon and his company are also facing civil lawsuits filed by the U.S. Securities and Exchange Commission (SEC). In August 2023, a judge in Manhattan rejected Terraform Labs appeal against these claims. Kwon and his associates (five people associated with Terra are known) are charged with organizing a large-scale securities fraud in the field of cryptocurrencies. Terraform Labs, in turn, announced its intention to continue fighting the charges.
The founder of Terraform Labs, Do Kwon, who is wanted in South Korea and the United States, will soon be extradited from Montenegro. This decision followed the approval of the relevant request by the Montenegrin judicial authority. The Supreme Court has officially declared compliance with the legal requirements for the extradition of the accused, carried out at the request of the governments of South Korea and the United States.
Which country Do Kwon will go to remains unknown. The court said that Kwon agreed to be extradited to South Korea under a simplified procedure, but the final decision on his referral will be made by the Minister of Justice of Montenegro.
Kwon was detained in Montenegro in March 2023. He was arrested after entering the country on fake passports, and his South Korean passport was revoked more than 5 months before entering.
Kwon's location remained unknown after he left Singapore in 2022. Despite Kwon's claims that he was not in hiding, a warrant had already been issued for his arrest in South Korea for violations of capital markets laws. In addition, Kwon was subject to an Interpol Red Notice.
A red notice is a request to law enforcement agencies around the world to determine the location and preliminary arrest of a person pending extradition, extradition, or similar legal action.
Terraform Labs presented its Terra USD cryptocurrency and similar Luna tokens as reliable investments that are not subject to the risk of depreciation. However, these claims were refuted after the collapse of the company, which led to a financial loss of $40 billion. and created a chain reaction in the entire cryptocurrency industry, called "cryptozima".
Following Kwon's arrest at Montenegro Airport, a federal court in Manhattan, New York, indicted him on eight counts, including conspiracy to defraud, futures fraud, securities fraud, electronic communications fraud, and conspiracy to manipulate the market.
Do Kwon and his company are also facing civil lawsuits filed by the U.S. Securities and Exchange Commission (SEC). In August 2023, a judge in Manhattan rejected Terraform Labs appeal against these claims. Kwon and his associates (five people associated with Terra are known) are charged with organizing a large-scale securities fraud in the field of cryptocurrencies. Terraform Labs, in turn, announced its intention to continue fighting the charges.
