Former Terraform Labs Financial Officer Has Been Extradited to South Korea — Montenegro Police

8 months ago

Montenegro precocious extradited the erstwhile Terraform Labs fiscal serviceman Han Chang-joon to South Korea wherever helium faces fraud-related charges. According to the Montenegro police, the determination to extradite Han was made by the country’s Justice Ministry.

Han Faces Criminal Charges successful South Korea

Han Chang-joon, the erstwhile fiscal serviceman of Terraform Labs, has been extradited to South Korea, the Montenegro constabulary person said. The extradition comes astir a twelvemonth aft helium and Terraform Labs co-founder Do Kwon were arrested portion attempting to fly the country.

According to the police, the determination to transportation Han into South Korean custody was made by the Montenegro Justice Ministry. As antecedently reported by Bitcoin.com News, Han and Do Kwon were arrested aft authorities recovered them successful possession of counterfeit individuality documents.

They were subsequently sentenced to 4 months successful jailhouse for the offence. Do Kwon aboriginal appealed the verdict, but a superior tribunal reportedly rejected his entreaty successful November 2023.

Explaining the government’s determination to extradite the fiscal officer, the Montenegro constabulary said:

Han [was extradited to let South Korean authorities to initiate] transgression proceedings for respective transgression offences related to fraud successful fiscal concern services, investments and the superior market, which is punishable by beingness imprisonment successful South Korea.

However, concerning the extradition of Do Kwon, who is wanted by some South Korean and U.S. authorities, the Terraform Labs co-founder’s lawyer said they were waiting for the tribunal to marque a ruling connected different appeal.

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