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South Korea Gains Custody of Han Chang-joon in Terra Crypto Collapse


by CoinEdition
  • Terraform Labs CFO Han Chang-joon was extradited to South Korea.
  • Co-founder Do Kwon’s extradition status remains uncertain.
  • Terra’s $60 billion collapse led to legal troubles and international attention.

Terraform Labs’ financial officer Han Chang-joon has been extradited to South Korea after being arrested in Montenegro. Han, along with the co-founder of the company, Do Kwon, was detained in South Korea after an unsuccessful escape attempt on a private jet in March 2023, thus ending an international six-month search.

According to official police reports, the Montenegrin Ministry of Justice decided to extradite Han. In addition to this, South Korean authorities plan to prosecute, launching criminal proceedings over several counts of financial fraud that could lead to life imprisonment in South Korea.

Following Han’s extradition, Do Kwon’s extradition appeal outcome remains undisclosed. Kwon has been …

The post South Korea Gains Custody of Han Chang-joon in Terra Crypto Collapse appeared first on Coin Edition.

Read the article at CoinEdition

Read More

ALPACA Faces 53% Price Drop Amidst Market Fluctuations

ALPACA Faces 53% Price Drop Amidst Market Fluctuations

Detail: https://coincu.com/334742-alpaca-price-drop-market-impact/
SUI’s May 1st Unlock Brings Risk and Reward as TVL Surges Past $1 Billion

SUI’s May 1st Unlock Brings Risk and Reward as TVL Surges Past $1 Billion

Sui Network (SUI) is once again on the radar of crypto investors, with a massive unlo...
MainNewsSouth Korea ...

South Korea Gains Custody of Han Chang-joon in Terra Crypto Collapse


by CoinEdition
  • Terraform Labs CFO Han Chang-joon was extradited to South Korea.
  • Co-founder Do Kwon’s extradition status remains uncertain.
  • Terra’s $60 billion collapse led to legal troubles and international attention.

Terraform Labs’ financial officer Han Chang-joon has been extradited to South Korea after being arrested in Montenegro. Han, along with the co-founder of the company, Do Kwon, was detained in South Korea after an unsuccessful escape attempt on a private jet in March 2023, thus ending an international six-month search.

According to official police reports, the Montenegrin Ministry of Justice decided to extradite Han. In addition to this, South Korean authorities plan to prosecute, launching criminal proceedings over several counts of financial fraud that could lead to life imprisonment in South Korea.

Following Han’s extradition, Do Kwon’s extradition appeal outcome remains undisclosed. Kwon has been …

The post South Korea Gains Custody of Han Chang-joon in Terra Crypto Collapse appeared first on Coin Edition.

Read the article at CoinEdition

Read More

ALPACA Faces 53% Price Drop Amidst Market Fluctuations

ALPACA Faces 53% Price Drop Amidst Market Fluctuations

Detail: https://coincu.com/334742-alpaca-price-drop-market-impact/
SUI’s May 1st Unlock Brings Risk and Reward as TVL Surges Past $1 Billion

SUI’s May 1st Unlock Brings Risk and Reward as TVL Surges Past $1 Billion

Sui Network (SUI) is once again on the radar of crypto investors, with a massive unlo...