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- Montenegrin authorities contain extradited Han Chang-joon, worn financial officer of Terraform Labs, to South Korea
- Han and Carry out Kwon had been apprehended at Podgorica airport in March 2023 while attempting to hover on a non-public jet, concluding a six-month international manhunt.
- Each Han and Kwon face extra than one financial fraud charges, even supposing Han is no longer sought by US authorities
The worn financial officer of Terraform Labs, Han Chang-joon, has been extradited to South Korea by Montenegrin authorities following his arrest alongside Carry out Kwon in March 2023. Han and Kwon had been apprehended while attempting to hover on a non-public jet from Podgorica airport, with their arrest marking the conclusion of a six-month international manhunt following the collapse of the Terra/LUNA ecosystem. Care for Kwon, Han is compulsory on extra than one financial fraud charges, even supposing, unlike Kwon, Han isn’t wanted by US authorities.
Han One in all the Terra Five
Han used to be one among 5, alongside side Kwon, pinpointed by South Korean authorities in September 2022 as wanted in connection with the collapse of Terra/LUNA. Prosecutors argued that Terra USD and Luna, the platform’s native cryptocurrencies, must be categorised as “funding contract securities” beneath the Capital Market Act and therefore the 5 participants had been in contravention of the regulations surrounding the sale of those instruments.
Han served a four-month penal advanced sentence in Montenegro alongside Kwon for attempting to flow with cast documents; each countries wanted Kwon, however it appears that the US is going to procure first crack at him, with the US Securities and Change Rate delaying the launch up of his trial until March so he’ll be display veil.
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Montenegro’s Ministry of Justice made the choice to extradite Han with none hobby from the US, citing extra than one charges connected to fraud in financial funding products and services, investments, and the capital market. These charges raise severe penalties, alongside side doable existence imprisonment.
