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South Korea Cranks Up Pressure To Extradite Do Kwon, Founder of Failed Terra-Luna Stablecoin

South Korean prosecutors will expand cooperation with overseas legal agencies and counterparts to facilitate the arrest and extradition of Kwon Do-hyung, a South Korean national known as Do Kwon. He faces fraud charges in South Korea related to the now collapsed Terra-Luna stablecoin, a project developed by his Singapore-based Terraform Labs.

Developing cooperation with overseas agencies will help efforts to return Kwon and five other Terraform employees to Korea, the Seoul Southern District Prosecutors’ Office told Forkast via text message Thursday morning. All the individuals were listed in an arrest warrant issued last September.

(By DANNY PARK)

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