Senior South Korean Prosecutor Warns of Potential Dual Sentences for Do Kwon in US and South Korea
Do Kwon, the co-founder and CEO of Terraform Labs, is facing the possibility of serving multiple sentences in both the United States and South Korea, according to a senior South Korean prosecutor leading the investigation.
Currently, Kwon is on house bail in Montenegro, where he was granted bail by a Montenegro court on June 5. As part of the bail conditions, Kwon and Terraform Labs’ chief financial officer, Han Chang-Joon, are required to reside at Chang-Joon’s legal residence in Montenegro while awaiting a decision on extradition.
The senior South Korean prosecutor, Dan Sunghan, highlighted the potential scenario of Kwon facing legal consequences in both the US and South Korea. The exact charges and specific details of the cases in each country have not been disclosed at this time.
The ongoing investigation and legal proceedings involving Kwon are closely monitored by authorities in both countries, and the possibility of dual sentences reflects the seriousness of the allegations against him. Further developments and decisions regarding Kwon’s extradition and legal proceedings will determine the course of action in each jurisdiction.
It is important to note that the information provided is based on the current understanding of the situation and is subject to change as more details emerge and legal processes unfold.