- 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.
Država Crna Gora je danas postupila po zamolnici Južne Koreje, i po odluci Ministarstva pravde predala Haan Chang Joon-a nadležnim organima njegove matične države. pic.twitter.com/OvQ1qNyxr1— Ministarstvo pravde Crne Gore (@PravdaCG) February 5, 2024
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 …
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