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Terra’s Do Kwon Caught in Jurisdictional Battle Between US and South Korea

Do Kown, co-founder and former CEO of now-defunct Terraform Labs, Do Kwon, is facing extradition to South Korea and the United States after being arrested trying to leave Montenegro with a fake passport in late March.

South Korean prosecutors are pushing for him to face criminal charges in his home country, claiming it would be best for victims, despite efforts from U.S. authorities for him to be extradited to North America.

Dan Sung-han, head of the South Korean team investigating the crime, said: “Given the nature of this incident, we think investigating the case in South Korea would be the most efficient way of bringing justice” to investors.

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