Survey on the Extradition of Terraform Labs Co-founder & CEO, Do Hyeong Kwon

One of the most talked-about cases in the cryptocurrency industry since last year has been the devastating crash of Terraform Lab (TFL). The co-founder, Do Hyeong Kwon, has been accused of embezzling billions of dollars from retail investors worldwide by offering and selling an inter-connected suite of crypto asset securities, many in unregistered transactions, since April 2018 until the platform’s ultimate end in May 2022.

TFL, the South Korea-based blockchain protocol and payment platform, has been under the radar for money laundering since its $40 billion crash, and in September last year, South Korea asked Interpol to circulate a “red notice” asking the agency’s 195-member nations to find and apprehend the 31-year-old Kwon.

After the Securities and Exchange Commission (SEC) of the US scrutinized the chain of events that occurred since the LUNA and TerraUSD (UST) crash and the subsequent launch of Terra 2.0, it charged Kwon with two counts each of securities fraud, wire fraud, commodities fraud, and conspiracy.

Recently, after his arrest at the airport in Montenegro’s capital city of Podgorica, it was confirmed in a press conference by the Montenegrin Justice Minister, Marko Kovac, that the extradition of Kwon has been officially requested by South Korea and the United States. Meanwhile, Kovac added that Kwon had been charged in Montenegro with forging documents and would be extradited only after a trial and any sentence served in the small Adriatic republic.

However, Kovac said he had received no official extradition request from Singapore, though he was aware of media reports of proceedings there. Given suspicions that he might hold cryptocurrency or other potential evidence, the U.S. and South Korea have also seized Kwon’s laptops and other devices in Podgorica.

While both countries are asking Montenegro to hand over the creator of the failed TerraUSD stablecoin to face criminal charges, Kwon’s arrest has roiled the crypto industry and stirred debates among investors. Kovac confirmed that on April 5, a Montenegrin judge would decide how to proceed with the extradition. Additionally, the extradition proceedings would follow a criminal proceeding for ID document forgery.

Therefore, Real Research launched a survey to gauge public opinion before Wednesday’s verdict, and to understand people’s sentiments on the extradition charges. Hence, hurry and answer the survey on the extradition of Terraform Labs co-founder & CEO, Do Hyeong Kwon on the Real Research app from April 1, 2023, onwards. After that, you will receive 60 TNCs as a reward.