According to reports from the Global Times citing Yonhap News Agency and other media, recently, Quan Daoheng, the central figure in the collapse of the virtual currency Terra and LUNA, will be extradited to the United States and faces 100 years in prison. Quan Daoheng can be called the most ruthless post-90s generation. The previously created cryptocurrencies TerraUSD and LUNA collapsed in May 2022, causing global investors to lose approximately US$40 billion (nearly 300 billion yuan) and suspected of financial fraud.
According to reports, the High Court of Podgorica in Montenegro issued a ruling announcing that Kwon Do-hyung will be extradited to the United States for crimes committed in the financial field. The court also rejected South Korea's extradition request. On March 23, 2023, Kwon Do-hyung was arrested at Podgorica Airport in Montenegro for using a forged passport. South Korea, the United States, and Singapore immediately launched an extradition battle.
Last month, a U.S. federal judge delayed the trial so that Kwon could be extradited so he could appear in court. The trial date has been postponed from January 29 to March 25, and it will not be postponed further even if Kwon Do-hyung is not extradited.
Negative: The former richest man in China was fined billions of dollars. A sentencing hearing is held today. He faces up to 10 years in prison. However, I think the money has been paid and the settlement has been made. However, the United States is too dark and the money was paid too quickly. The United States wants money again. I don’t rule out continuing the punishment. I want to empty my bnb.
