Do Kwon, the co-founder of Terraform Labs, could face an additional 30 years in prison if extradited to South Korea, local prosecutors have indicated. This potential sentence is linked to alleged violations of the Capital Markets Act. Despite ongoing legal proceedings in the U.S., Kwon's legal challenges in South Korea could lead to a lengthy trial and significant penalties.
The situation has drawn considerable attention from the cryptocurrency community, as it may impact market dynamics, particularly for altcoins. The legal scrutiny surrounding Kwon underscores the heightened regulatory focus on crypto activities globally.
Do Kwon Faces Potential 30-Year Sentence in South Korea
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