- A South Korean prosecutor introduced that Do Kwon could possibly be jailed in each america and South Korea.
- Dan Sunghan added that Kwon’s repatriation to South Korea could be favorable as it will assist to recuperate the injury.
- Sunghan argued that the simplest solution to discover justice is to conduct investigations in South Korea.
Senior South Korean prosecutor Dan Sunghan stated that Do Kwon, the CEO of the notorious cryptocurrency trade Terraform Labs, might face prolonged jail phrases in each South Korea and america. Based on a current report, the prosecutor argued that Kwon’s repatriation to South Korea could be extra acceptable in the case of justice or reparations for the victims.
The CEO of Terraform Labs is presently out on bail in Montenegro after a Montenegrin courtroom authorized Kwon’s bail bid. Based mostly on June 5 Kwon and the trade’s chief monetary officer, Han Chang-Joon, had been ordered to stay on the latter’s dwelling in Montenegro pending a closing extradition resolution, in accordance with a press release launched by the company.
As director of the Monetary Crimes Investigation Bureau of the Seoul Southern District Prosecutor’s Workplace and head of the investigation group, Sunghan stated either side are looking for the extradition of the accused. He added that these convicted within the two jurisdictions might face separate expenses.
The prosecutor defined, “The best solution to obtain justice is an investigation and a trial in South Korea underneath favorable circumstances.” He additionally added that the preliminary investigation into the case was performed in South Korea and the nation might help the probe group higher in comparison with america as a result of native authorities have extra proof.
in 2022 in September, a South Korean courtroom ordered Kwon’s arrest following the collapse of Terraform Labs. He was later arrested on securities fraud, commodities fraud, wire fraud, conspiracy and different expenses by federal prosecutors in Manhattan.
