Do Kwon, South Korean Crypto Executive, Extradited to US for Fraud Charges - PRESS AI WORLD
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Do Kwon, South Korean Crypto Executive, Extradited to US for Fraud Charges

share-iconWednesday, January 01 comment-icon2 weeks ago 6 views
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scmpSCMP
Do Kwon, South Korean Crypto Executive, Extradited to US for Fraud Charges

Credited from: SCMP

  • Montenegro's Prime Minister, Milojko Spajic, confirmed the extradition of Do Kwon to the United States, highlighting a commitment to international justice.
  • Kwon is facing criminal charges for conspiracy to commit fraud, linked to deceiving investors regarding the TerraUSD cryptocurrency's stability.
  • He was arrested in March 2023 at Podgorica airport while attempting to travel to Dubai with a forged passport.
  • Seoul and Washington had been pursuing Kwon's extradition due to his role in a company's bankruptcy that caused nearly $40 billion in investor losses.
  • Kwon's legal team plans to appeal the extradition decision, claiming it breaches European extradition conventions.

Read more at SCMP

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