Ex-Terraform Labs CFO Chang-joon Extradited to South Korea

Ex-Terraform Labs CFO Chang-joon Extradited to South Korea
By AZC News | 3 hours ago

Ex-Terraform Labs CFO Han Chang-joon, who was arrested and convicted in Montenegro alongside Do Kwon, has been extradited to the South Korean authorities by the Montenegro police.Ex-Terraform Labs CFO Chang-joon Extradited to South Korea
Terra (LUNA) founder Do Kwon, arrested in Montenegro in March 2023, has been sentenced to four months in prison for using a fake passport. Notably, former Terraform Labs CFO Han Chang-joon also faced charges in this case.

Kwon faced extradition requests from both the United States and South Korea but successfully appealed the decision. He has hinted at the possibility of traveling to the U.S. for a trial in March.

On the other hand, former CFO Han Chang-joon did not contest extradition. Following the completion of his sentence in Montenegro, authorities there handed him over to South Korea's jurisdiction.

Montenegro police stated:

Chang-joon has been handed over to the South Korean authorities to proceed with legal proceedings related to charges of fraud in financial investment services, investment, and capital market. These charges could result in life imprisonment.

Meanwhile, the charges against Do Kwon by the SEC include:

- Fraud in securities offering activities
- Fraud related to securities offering activities
- Unregistered securities offering
- Securities conversion contract offering to individuals not eligible
- Conducting securities conversion contract transactions with individuals not eligible

These charges include two counts of conspiracy to commit fraud, two counts of securities fraud, two counts of wire fraud, asset fraud, and market manipulation related to LUNA and UST (U.S. Department of Justice).

Apart from Do Kwon, two other prominent figures in the crypto industry are awaiting trial dates in the U.S., including former Binance CEO Changpeng Zhao (February 23, 2024), and former FTX CEO Sam Bankman-Fried (March 28, 2024).

Related: The Trial of Do Kwon in the United States has Been Postponed

Terraform’s Algorithmic Stablecoin Shakes the Crypto Industry


In 2022, Terra's algorithmic stablecoin suffered a collapse, resulting in approximately $60 billion being wiped out from the market. This event ignited widespread controversy within the cryptocurrency community and heightened regulatory scrutiny.

South Korean authorities issued an arrest warrant for the former executive and other accomplices in September, but they remained elusive.

Subsequently, Interpol issued a red notice for the arrest of the former executive after he claimed not to be on the run. Terra's collapse was among the significant market downturns witnessed in 2022.

In November, the digital asset exchange FTX filed for bankruptcy, causing substantial losses for numerous investors. This development prompted criminal investigations into the actions of Sam Bankman-Fried and other executives at the company.

Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct theEx-Terraform Labs CFO Chang-joon Extradited to South Korea
By AZC News | 3 hours ago

Ex-Terraform Labs CFO Han Chang-joon, who was arrested and convicted in Montenegro alongside Do Kwon, has been extradited to the South Korean authorities by the Montenegro police.Ex-Terraform Labs CFO Chang-joon Extradited to South Korea
Terra (LUNA) founder Do Kwon, arrested in Montenegro in March 2023, has been sentenced to four months in prison for using a fake passport. Notably, former Terraform Labs CFO Han Chang-joon also faced charges in this case.

Kwon faced extradition requests from both the United States and South Korea but successfully appealed the decision. He has hinted at the possibility of traveling to the U.S. for a trial in March.

On the other hand, former CFO Han Chang-joon did not contest extradition. Following the completion of his sentence in Montenegro, authorities there handed him over to South Korea's jurisdiction.

Montenegro police stated:

Chang-joon has been handed over to the South Korean authorities to proceed with legal proceedings related to charges of fraud in financial investment services, investment, and capital market. These charges could result in life imprisonment.

Meanwhile, the charges against Do Kwon by the SEC include:

- Fraud in securities offering activities
- Fraud related to securities offering activities
- Unregistered securities offering
- Securities conversion contract offering to individuals not eligible
- Conducting securities conversion contract transactions with individuals not eligible

These charges include two counts of conspiracy to commit fraud, two counts of securities fraud, two counts of wire fraud, asset fraud, and market manipulation related to LUNA and UST (U.S. Department of Justice).

Apart from Do Kwon, two other prominent figures in the crypto industry are awaiting trial dates in the U.S., including former Binance CEO Changpeng Zhao (February 23, 2024), and former FTX CEO Sam Bankman-Fried (March 28, 2024).

Related: The Trial of Do Kwon in the United States has Been Postponed

Terraform’s Algorithmic Stablecoin Shakes the Crypto Industry


In 2022, Terra's algorithmic stablecoin suffered a collapse, resulting in approximately $60 billion being wiped out from the market. This event ignited widespread controversy within the cryptocurrency community and heightened regulatory scrutiny.

South Korean authorities issued an arrest warrant for the former executive and other accomplices in September, but they remained elusive.

Subsequently, Interpol issued a red notice for the arrest of the former executive after he claimed not to be on the run. Terra's collapse was among the significant market downturns witnessed in 2022.

In November, the digital asset exchange FTX filed for bankruptcy, causing substantial losses for numerous investors. This development prompted criminal investigations into the actions of Sam Bankman-Fried and other executives at the company.

Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct theEx-Terraform Labs CFO Chang-joon Extradited to South Korea
By AZC News | 3 hours ago

Ex-Terraform Labs CFO Han Chang-joon, who was arrested and convicted in Montenegro alongside Do Kwon, has been extradited to the South Korean authorities by the Montenegro police.Ex-Terraform Labs CFO Chang-joon Extradited to South Korea
Terra (LUNA) founder Do Kwon, arrested in Montenegro in March 2023, has been sentenced to four months in prison for using a fake passport. Notably, former Terraform Labs CFO Han Chang-joon also faced charges in this case.

Kwon faced extradition requests from both the United States and South Korea but successfully appealed the decision. He has hinted at the possibility of traveling to the U.S. for a trial in March.

On the other hand, former CFO Han Chang-joon did not contest extradition. Following the completion of his sentence in Montenegro, authorities there handed him over to South Korea's jurisdiction.

Montenegro police stated:

Chang-joon has been handed over to the South Korean authorities to proceed with legal proceedings related to charges of fraud in financial investment services, investment, and capital market. These charges could result in life imprisonment.

Meanwhile, the charges against Do Kwon by the SEC include:

- Fraud in securities offering activities
- Fraud related to securities offering activities
- Unregistered securities offering
- Securities conversion contract offering to individuals not eligible
- Conducting securities conversion contract transactions with individuals not eligible

These charges include two counts of conspiracy to commit fraud, two counts of securities fraud, two counts of wire fraud, asset fraud, and market manipulation related to LUNA and UST (U.S. Department of Justice).

Apart from Do Kwon, two other prominent figures in the crypto industry are awaiting trial dates in the U.S., including former Binance CEO Changpeng Zhao (February 23, 2024), and former FTX CEO Sam Bankman-Fried (March 28, 2024).

Related: The Trial of Do Kwon in the United States has Been Postponed

Terraform’s Algorithmic Stablecoin Shakes the Crypto Industry


In 2022, Terra's algorithmic stablecoin suffered a collapse, resulting in approximately $60 billion being wiped out from the market. This event ignited widespread controversy within the cryptocurrency community and heightened regulatory scrutiny.

South Korean authorities issued an arrest warrant for the former executive and other accomplices in September, but they remained elusive.

Subsequently, Interpol issued a red notice for the arrest of the former executive after he claimed not to be on the run. Terra's collapse was among the significant market downturns witnessed in 2022.

In November, the digital asset exchange FTX filed for bankruptcy, causing substantial losses for numerous investors. This development prompted criminal investigations into the actions of Sam Bankman-Fried and other executives at the company.

Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct theEx-Terraform Labs CFO Chang-joon Extradited to South Korea
By AZC News | 3 hours ago

Ex-Terraform Labs CFO Han Chang-joon, who was arrested and convicted in Montenegro alongside Do Kwon, has been extradited to the South Korean authorities by the Montenegro police.Ex-Terraform Labs CFO Chang-joon Extradited to South Korea
Terra (LUNA) founder Do Kwon, arrested in Montenegro in March 2023, has been sentenced to four months in prison for using a fake passport. Notably, former Terraform Labs CFO Han Chang-joon also faced charges in this case.

Kwon faced extradition requests from both the United States and South Korea but successfully appealed the decision. He has hinted at the possibility of traveling to the U.S. for a trial in March.

On the other hand, former CFO Han Chang-joon did not contest extradition. Following the completion of his sentence in Montenegro, authorities there handed him over to South Korea's jurisdiction.

Montenegro police stated:

Chang-joon has been handed over to the South Korean authorities to proceed with legal proceedings related to charges of fraud in financial investment services, investment, and capital market. These charges could result in life imprisonment.

Meanwhile, the charges against Do Kwon by the SEC include:

- Fraud in securities offering activities
- Fraud related to securities offering activities
- Unregistered securities offering
- Securities conversion contract offering to individuals not eligible
- Conducting securities conversion contract transactions with individuals not eligible

These charges include two counts of conspiracy to commit fraud, two counts of securities fraud, two counts of wire fraud, asset fraud, and market manipulation related to LUNA and UST (U.S. Department of Justice).

Apart from Do Kwon, two other prominent figures in the crypto industry are awaiting trial dates in the U.S., including former Binance CEO Changpeng Zhao (February 23, 2024), and former FTX CEO Sam Bankman-Fried (March 28, 2024).

Related: The Trial of Do Kwon in the United States has Been Postponed

Terraform’s Algorithmic Stablecoin Shakes the Crypto Industry


In 2022, Terra's algorithmic stablecoin suffered a collapse, resulting in approximately $60 billion being wiped out from the market. This event ignited widespread controversy within the cryptocurrency community and heightened regulatory scrutiny.

South Korean authorities issued an arrest warrant for the former executive and other accomplices in September, but they remained elusive.

Subsequently, Interpol issued a red notice for the arrest of the former executive after he claimed not to be on the run. Terra's collapse was among the significant market downturns witnessed in 2022.

In November, the digital asset exchange FTX filed for bankruptcy, causing substantial losses for numerous investors. This development prompted criminal investigations into the actions of Sam Bankman-Fried and other executives at the company.

Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.ir own research when making a decision.ir own research when making a decision.ir own research when making a decision.