According to the US Department of Justice, if found guilty on all charges, the Terraform Labs co-founder faces 130 years in prison. The next hearing in the case will be held on January 8.
Recall that on December 27, Montenegro's Minister of Justice Bojan Bozovic approved the extradition of Kwon to the US authorities. The decision ended a series of proceedings between local courts and defense lawyers that had lasted since the spring of 2023.
On December 31, Montenegro completed the extradition procedure for Kwon to the US.