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Bangkok Post
Bangkok Post
World

South Korea to seek extradition of crypto fugitive Do Kwon

FILE PHOTO: A smartphone with the Terra logo is placed on displayed US dollars in this illustration taken May 11, 2022. (Reuters)

South Korea will seek the extradition of fugitive crypto entrepreneur Do Kwon, prosecutors told AFP Friday, after the Terraform founder was arrested in Montenegro and hit with US fraud charges.

Kwon, whose full name is Kwon Do-hyung, has been accused of fraud over his company Terraform Lab's dramatic collapse last year, which wiped out about $40 billion of investors' money and shook global crypto markets.

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