๐จ Urgent: Do Kwon may face additional sentences in prison in South Korea despite his 15-year sentence in the U.S.!
โโโโโโโโโโโโโโโ
โ๏ธ New development:
โ After his 15-year sentence in the United States for Terra/LUNA fraud, Kwon awaits extradition to South Korea
โ Korean prosecutors are seeking over 40 years on charges of fraud, forgery, and violation of financial market laws, with massive local losses
โ Korea refuses any reduction due to the U.S. sentence, and the sentences may be aggregated or the Korean one may be enforced after the American
โโโโโโโโโโโโโโโ
๐ก Context:
โ The collapse of Terra in 2022 wiped out $40 billion, with thousands of Korean victims who lost all their savings
โ Kwon has been wanted in Seoul since 2022, and the U.S. denied an early extradition request to complete his trial there first
โโโโโโโโโโโโโโโ
โก Why does this matter to you?
โ It appears that cross-border crypto crimes have multiple consequences, reinforcing the global regulation of stablecoins and platforms
โ A reminder of the risks of blind trust in algorithmic projects, with a harsh lesson for anyone building in DeFi
โโโโโโโโโโโโโโโ
โDo you think Kwon deserves an additional sentence in Korea, or is 15 years enough to close the Terra case?
โโโโโโโโโโโโโโโ
๐ If you liked the content, support me with a like and follow to receive all the latest
LEGENDARY_007
