South Korean prosecutor Dan Sung-han has requested the extradition of Terraform Labs CEO Do Kwon to South Korea, the WSJ has reported.
The former has said:
"Given the nature of the incident, we believe investigating the case in South Korea would be the most effective way to achieve justice for investors."
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Most of the evidence related to the exchange owned by Do Kwon and key associates is located in South Korea. The prosecutor has added that most of the crimes he is charged with were committed there.
The US has also requested Do Kwon's extradition, where he has been charged with fraud by the SEC and the US Attorney's Office in New York.
The proceedings for extradition of the TFL CEO will commence after Montenegro’s authorities complete the trial in the forgery case.