Crypto mogul Do Kwon may face separate trial in Korea despite 15-year US sentence
Police officers escort Korean cryptocurrency entrepreneur Do Kwon out of court in Podgorica, Montenegro, March 23, 2024. AFP-Yonhap
Do Kwon, the crypto tycoon at the center of the 2022 collapse of cryptocurrencies TerraUSD and Luna that caused an estimated $40 billion in investor losses, may face another trial and a jail sentence here if he is extradited to Korea in addition to the 15-year prison sentence given by a U.S. court, according to government officials and prosecutors Monday.
It is widely expected that the 34-year-old Korean national may apply to the International Prisoner Transfer Program after serving half of his 15-year sentence, with U.S. prosecutors agreeing not to oppose such a request as part of a plea deal.
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