Do-hyung Kwon (D0-Kwon), the mastermind behind the Tera-Luna scandal, will finally be extradited to the United States.
On March 22, the High Court of Podgorica, Montenegro, approved the extradition of Tera founder Kwon Do-hyung to the U.S. He had argued that he should be extradited to South Korea, according to Protos. The U.S. court set a March 25 trial date for Kwon, who has been awaiting extradition. The maximum sentence for economic crimes in South Korea is about 40 years, but the U.S. can add up to more than 100 years in prison for each individual offense. FTX founder SBF could face up to 115 years in prison.
Meanwhile, another alleged mastermind of the Terra Luna scandal, Han Chang-joon, the chief financial officer of TerraForm Labs, has been arrested by South Korean prosecutors and put on trial. On November 21, the Joint Financial and Securities Crimes Investigation Division of the South Korean Prosecutors' Office indicted Han on charges of violating the Capital Market Act, the Aggravated Punishment of Specified Economic Crimes Act, and the Electronic Financial Transactions Act. Prosecutors believe Han used a bot program to repeatedly buy and sell coins and manipulate the prices of Tera and Luna through market makers. His ill-gotten gains were reportedly worth at least KRW 53.6 billion.
