Fallen Crypto Mogul Do Kwon Could Face Jail in South Korea and the US, Prosecutor Says
- Dan Sunghan says Kwon might be tried, sentenced in both places
- Kwon’s doomed digital-asset project blew up least $40 billion
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The disgraced former crypto titan Do Kwon may spend most of his life behind bars, first in his native South Korea and then in the US, according to a scenario laid out by a senior prosecutor in the Asian nation.
Both countries are seeking Kwon’s extradition on charges linked to the collapse of digital tokens he created, an implosion that blew up at least $40 billion. The 31-year-old was arrested in Montenegro in March, ending a spell as a fugitive.