Tera-Luna Victims in South Korea Call for Kwon Do-hyung to be Sent to USA for Punishment

Following the decision by the High Court of Podgorica, Montenegro, to extradite Terraform Labs CEO Kwon Do-hyung to South Korea, there are growing voices in South Korea opposing his extradition, News1 reported. The Tera Luna Coin Victims' Association, which has more than 2,800 members, said in an official statement that "Do-hyung Kwon is trying to get away with his coin fraud crimes with an ultra-luxury defense team. Even if a severe sentence is handed down in the first instance, it is highly likely that the sentence will be drastically reduced on appeal or appeal, and he will be released from prison with no punishment at all." "Kwon Do-sik should be investigated in South Korea and then extradited to the United States at the request of the United States. We know that the United States has far more victims of Tera than South Korea. He should be punished in the United States, where there are the most victims and where fraudsters can be sentenced to more than 100 years in prison for their individual crimes.

Meanwhile, the United States has challenged a Montenegrin high court's decision to extradite Terraform Labs CEO Do-Kwon Kwon, a key figure in the "Terra-Luna" scandal, to South Korea, Bloomberg reported. "Despite the Montenegrin court's decision, the United States will continue to seek Do's extradition pursuant to the bilateral extradition treaty and Montenegrin law," the U.S. Department of Justice said on July 7 (local time). The Montenegrin court had earlier decided to extradite Kwon to South Korea after he won an appeal against his extradition to the United States on May 5.