By Mark Hunter
1 month agoTue Feb 06 2024 10:35:10
Checking out Time: 2 minutes
- Montenegrin authorities have actually extradited Han Chang-joon, previous monetary officer of Terraform Labs, to South Korea
- Han and Do Kwon were nabbed at Podgorica airport in March 2023 while trying to get away on a personal jet, concluding a six-month worldwide manhunt.
- Both Han and Kwon deal with numerous monetary scams charges, although Han is not looked for by United States authorities
The previous monetary officer of Terraform Labs, Han Chang-joon, has actually been extradited to South Korea by Montenegrin authorities following his arrest together with Do Kwon in March 2023. Han and Kwon were captured while trying to run away on a personal jet from Podgorica airport, with their arrest marking the conclusion of a six-month worldwide manhunt following the collapse of the Terra/LUNA community. Like Kwon, Han is desired on several monetary scams charges, although, unlike Kwon, Han isn’t desired by United States authorities.
Han One of the Terra Five
Han was among 5, consisting of Kwon, identified by South Korean authorities in September 2022 as desired in connection with the collapse of Terra/LUNA. District attorneys argued that Terra USD and Luna, the platform’s native cryptocurrencies, must be categorized as “financial investment agreement securities” under the Capital Market Act and for that reason the 5 people remained in breach of the guidelines surrounding the sale of those instruments.
Han served a four-month jail sentence in Montenegro together with Kwon for trying to take a trip with created files; both nations desired Kwon, however it appears that the United States is going to get very first fracture at him, with the United States Securities and Exchange Commission postponing the start of his trial till March so he can be present.
Life Sentence Possible
Montenegro’s Ministry of Justice decided to extradite Han with no interest from the United States, mentioning several charges associated with scams in monetary investment services, financial investments, and the capital market. These charges bring serious charges, consisting of possible life jail time.
