Do Kwon, Terraform Labs co-founder, faces sentencing for wire fraud and conspiracy charges in the US. Judge queries potential extradition to South Korea and Montenegro, where Kwon served time. Defense seeks 5 years, prosecution pushes for 12. Losses attributed to Kwon surpass those of other notable figures in the industry.

Judge raises concerns about Kwon serving time in South Korea and early release possibility. Terra co-founder’s fate hinges on Thursday’s sentencing. Kwon, a prominent figure in crypto, faced arrest in Montenegro after Terra’s collapse. South Korea and US seek extradition for Kwon’s role in Terra ecosystem.

If sentenced to time served, Kwon could face up to 40 years in South Korea. Arrest warrant issued in 2022. Hearing marks potential conclusion to Kwon’s involvement in Terra’s downfall. South Korean authorities seek extradition alongside the US. Kwon’s location was unknown until his arrest in Montenegro.

Read more at Cointelegraph: US Judge Asks for Clarification on Do Kwon’s Foreign Charges