Terraform Labs co-founder and CEO Do Kwon may be subject to multiple sentences in the United States and South Korea, according to a senior South Korean prosecutor heading the investigation. The prosecutor expects Kwon’s sentence to be “the longest sentence ever handed down in South Korea.” Kwon’s cold wallet, which supposedly contains 10,000 Bitcoin (BTC), remains untraceable. “This is the largest financial fraud or financial securities fraud case that has ever happened in South Korea,” said Sunghan. Soon after, both the U.S. and South Korean authorities requested his extradition to their respective countries. According to South Korean prosecutor Dan Sunghan, some extradition requests can take up to nine months for processing.
