Crypto mogul Do Kwon may face separate trial in Korea despite 15-year US sentence

Do Kwon, the crypto tycoon at the center of the 2022 collapse of cryptocurrencies TerraUSD and Luna that caused an estimated $40 billion in investor losses, may face another trial and a jail sentence here if he is extradited to Korea in addition to the 15-year prison sentence given by a U.S. court, according to government officials and prosecutors Monday. It is widely expected that the 34-year-old Korean national may apply to the International Prisoner Transfer Program after serving half of his 15-year sentence, with U.S. prosecutors agreeing not to oppose such a request as part of a plea deal. This leaves open the possibility of his transfer to Korea. After his arrest in Montenegro in March 2023, Kwon pursued legal action seeking extradition to Korea rather than the U.S. He was ultimately transferred to the U.S. on Dec. 31, 2024, and sentenced on Thursday (local time). If sent back to Korea, Kwon would face a separate trial on charges including violations of the Capital Markets Act, and could receive additional punishment independent of the U.S. proceedings. The joint financial crimes unWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times