Summary
TLDR: South Korea and the United States have agreed to temporarily halt the battle over trying Kwon for criminal charges related to the Terra ecosystem collapse.
Key Points
1. The decision to grant the United States jurisdiction over Kwon’s case halts the dispute between South Korea and the US over who will prosecute him for charges related to the Terra ecosystem collapse.
2. Kwon is facing criminal charges, including fraud, in connection to the $40 billion collapse of the Terra ecosystem in May 2022.
3. The ongoing tug-of-war between South Korea and the United States over Kwon’s prosecution has been temporarily paused with this decision.