Terraform Labs co-founder and CEO Do Kwon may be subject to multiple sentences in the United States and South Korea, according to a senior South Korean prosecutor heading the investigation.
It is understood that Kwon is currently serving house bail in Montenegro after having his bail proposal granted by a Montenegro court on June 5. Both Kwon and Terraform Labs’ chief financial officer, Han Chang-Joon, are legally required to reside at Chang-Joon’s legal residence in Montenegro while a decision about extradition is made.
South Korean senior prosecutor Dan Sunghan speaking about the possibility of Kwon facing multiple sentences across the U.S. and South Korea. Source: Bloomberg
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