Han Chang-jun, former chief financial officer (CFO) of Terraform Labs, a cryptocurrency company who worked with co-founder Do Kwon, was extradited from Montenegro to Korea following a decision by the Balkan Ministry of Justice.
The Montenegrin Ministry of Justice said on this day, “Today, we took action in accordance with Korea’s request, and in accordance with the Ministry of Justice’s decision, we handed over Han Chang-jun to the competent authorities of his home country.” Today is account X.
Repatriation of Han Chang-jun. Image: Ministry of Justice of Montenegro.
Han Chang-jun and Do-kwon were arrested at the Montenegro airport in March last year on charges of attempting to travel with forged documents. Han Chang-jun’s extradition took place after completing a four-month prison sentence in Montenegro.
A decision on the provincial capital is still awaited
Mr. Do-kwon is being detained in Montenegro, and the Ministry of National Defense is planning to decide whether to send him to Korea or the United States. Earlier this month, Kwon Do-kwon’s lawyers asked a U.S. court to postpone his Securities and Exchange Commission trial so that he could appear in person.
Last December, Montenegro’s appeals court canceled Do Kwon’s previously approved extradition to South Korea and the United States. The SEC indicted Terraform Labs and its former CEO in February in connection with the May 2022 collapse of TerraUSD and Luna, two tokens the company created. About $40 billion in investor wealth was lost in a matter of days. Prosecutors also indicted Do Kwon Do and Terra affiliates on similar charges.
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