Ex-Terraform Labs CFO Chang-Joon Extradited to South Korea

Ex-Terraform Labs CFO Han Chang-joon, who was arrested and convicted in Montenegro alongside Do Kwon, has been extradited to the South Korean authorities by the Montenegro police. Ex-Terraform Labs CFO Chang-Joon Extradited to South Korea

Terra (LUNA) founder Do Kwon, arrested in Montenegro in March 2023, has been sentenced to four months in prison for using a fake passport. Notably, former Terraform Labs CFO Han Chang-joon also faced charges in this case.

Kwon faced extradition requests from both the United States and South Korea but successfully appealed the decision. He has hinted at the possibility of traveling to the U.S. for a trial in March.

On the other hand, former CFO Han Chang-joon did not contest extradition. Following the completion of his sentence in Montenegro, authorities there handed him over to South Korea's jurisdiction.

Montenegro police stated:

Chang-joon has been handed over to the South Korean authorities to proceed with legal proceedings related to charges of fraud in financial investment services, investment, and capital markets. These charges could result in life imprisonment.

Meanwhile, the charges against Do Kwon by the SEC include:

- Fraud in securities offering activities

- Fraud related to securities offering activities

- Unregistered securities offering

- Securities conversion contract offering to individuals not eligible

- Conducting securities conversion contract transactions with individuals not eligible

These charges include two counts of conspiracy to commit fraud, two counts of securities fraud, two counts of wire fraud, asset fraud, and market manipulation related to LUNA and UST (U.S. Department of Justice).

Apart from Do Kwon, two other prominent figures in the crypto industry are awaiting trial dates in the U.S., including former Binance CEO Changpeng Zhao (February 23, 2024), and former FTX CEO Sam Bankman-Fried (March 28, 2024). #Write2Earn