Han Chang-joon, the former Chief Financial Officer (CFO) of the now-defunct Terraform Labs, has been extradited from Montenegro to South Korea. 

This development follows Montenegro’s Ministry of Justice’s agreement to a South Korean request, emphasizing international collaboration in crypto industry regulation.

Terraform Labs CFO Extradited to South Korea

Han, who had close ties with Terraform Labs co-founder Do Kwon, encountered legal issues. He was arrested at a Montenegrin airport in March, charged with using forged documents during travel.

The extradition marks a pivotal moment for South Korean authorities in the ongoing investigation into the collapse of Terraform Labs, which profoundly impacted Terra (LUNA) investors worldwide. Teraform Labs CFO’s return to South Korea follows a four-month prison term he served in Montenegro. Therefore, it demonstrates the seriousness of global jurisdictions addressing fraud within the crypto sector.

Montenegro’s Ministry of Justice confirmed the extradition through an official statement on X. Moreover, it emphasized the country’s role in upholding justice across borders. 

“The state of Montenegro has today acted upon the request of South Korea, and by the decision of the Ministry of Justice, handed over Han Chang-joon to the competent authorities of his home country,” Montenegro’s Ministry of Justice said.

Read more:

Go to Source to See Full Article
Author: Harsh Notariya

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details