### Do Kwon, the CEO of Terraform Labs, may face multiple sentences in both the United States and South Korea, according to a senior prosecutor leading the investigation in South Korea. Kwon is currently under house bail in Montenegro, where he and Terraform Labs' CFO are required to stay until a decision is made about their extradition. 



While Kwon's extradition to South Korea is the better option for justice and recovering damages for victims, according to the prosecutor, Kwon could also serve time in the US. The prosecutor noted that South Korean authorities have already indicted some of Kwon's co-conspirators and have access to more evidence than their American counterparts. 



Kwon was caught using fake documents while attempting to leave Montenegro in March and has since been held there. Meanwhile, South Korean authorities are reviewing Binance's acquisition deals in the country after the crypto exchange got into a legal battle with the SEC.

Terraform Labs CEO, Do Kwon, may face multiple sentences in the US and South Korea, according to a senior prosecutor leading the investigation in South Korea.

Thu Jun 08 2023 Do Kwon May Face Jail Time in the US and Korea

Thu Jun 08 2023

Do Kwon May Face Jail Time in the US and Korea