SEOUL, March 24 — South Korea will seek the extradition of fugitive crypto entrepreneur Do Kwon, prosecutors told AFP Friday, after the Terraform founder was arrested in...
SEOUL, March 24 — South Korea will seek the extradition of fugitive crypto entrepreneur Do Kwon, prosecutors told AFP Friday, after the Terraform founder was arrested in Montenegro and hit with US fraud charges.
In South Korea, where Kwon is wanted for violations of the country’s capital markets act, authorities confirmed Friday that they would seek his extradition. Many investors lost their life savings when Kwon’s Luna and Terra entered a death spiral, and South Korean authorities have opened multiple criminal probes into the crash.
“The justice ministry will proceed with the extradition process in accordance with laws and international agreements,” it added.Cryptocurrencies have come under increasing scrutiny from regulators across the globe following a string of recent controversies, including the high-profile collapse of the exchange FTX.
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