The Terra co-founder could spend most of his life behind bars – first in his native South Korea and then in the US, according to prosecutors in both countries.
Both countries are now seeking the extradition of Do Kwon on charges related to the collapse of Terra. The businessman can be extradited to the United States and stand trial there.
The prosecutor added that Do Kwon could face a record 40-year sentence in the financial fraud case.
The extradition process can take up to nine months, depending on how long the defendant has been in detention.
Now Do Kwon is in Montenegro, where he was arrested for forging documents. Recently, the Montenegrin Court of First Instance granted a €400,000 bail request to Do Kwon and CTO Han Chang-Joon.
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