Summary
Former Terraform CFO Han Chang-joon has been extradited from Montenegro to South Korea. Han was arrested last year alongside former CEO Do Kwon for attempting to travel with forged documents. Both were sentenced to four months in prison. Han’s extradition comes as Terraform Labs faces significant liability after the collapse of TerraUSD, and the company has filed for bankruptcy. South Korea plans to conduct criminal proceedings against Han for fraud-related offenses with potential life imprisonment. A decision on Kwon’s extradition has yet to be made.
Key Points
1. Former Terraform Chief Financial Officer Han Chang-joon has been extradited from Montenegro to South Korea.
2. Han was arrested alongside former Terraform CEO Do Kwon in March of last year for attempting to travel with forged documents.
3. Both Han and Kwon were sentenced to four months in prison and were held in Montenegro while their fate was being determined. South Korea and the US have asked to extradite Kwon, who faces charges in both countries.