Former Terraform Labs CFO Extradited to South Korea

Former Terraform Labs Chief Financial Officer Han Chang-joon, also known as J.C.H., was extradited from Montenegro to South Korea on February 5, according to a statement by Montenegro’s police. Han and former Terraform CEO Do Kwon were arrested in March 2023 at the airport in Podgorica, attempting to use forged passports to fly to Dubai. Han faces a potential life sentence in South Korea, while Kwon may be sentenced to up to 40 years in prison. They served four months in prison in Montenegro for falsifying travel documents.

The extradition of Han Chang-joon marks a significant development in the legal proceedings against Terraform Labs executives. The extradition comes after a series of legal maneuvers and calls for extradition, with Han now facing serious charges in South Korea. The case underscores the international reach of legal authorities in prosecuting financial crimes related to cryptocurrency, highlighting the potential consequences for individuals involved in fraudulent activities within the industry. (Source: Cointelegrah)