Do Kwon and Terraform Labs found liable for $40B fraud | Hacker News Reader

Do Kwon and Terraform Labs found liable for $40B fraud

web3isgoinggreat.com

33 pointspaulpauper14 comments

Isn’t he hidden away somewhere without extradition treaties? After seeing what happened to SBF, he’ll make damn sure he doesn’t go before any courts.

"Terraform Labs co-founder Do Kwon, a cryptocurrency fugitive being held in Montenegro and wanted in both South Korea and the US, may end up on trial in New York after the Balkan nation’s Supreme Court overturned earlier decisions, including those to hand him over to his native country.

In case of dueling demands, the country’s justice minister will eventually decide where to hand over the suspect, after courts determine whether conditions for extradition are met, the Supreme Court said in a statement on Friday. It also sent back the case to Podgorica-based High Court for that legal assessment.

The top court in the Balkan nation of 620,000 acted after Montenegro’s top prosecutor challenged Kwon’s extradition to South Korea, citing procedural errors in the verdict. Kwon’s legal team has pushed for extradition to South Korea, where sentences for white-collar crimes tend to be less harsh than in the US. Montenegro’s government intends to approve extradition to the US, a person close to the matter, who declined to be identified as the decision isn’t public yet, told Bloomberg in late February."

https://www.bloomberg.com/news/articles/2024-04-05/do-kwon-m...

Guess realpolitik always trumps rule of law

I've seen some discussion about him in the Korean internet, and everybody was cheering for the prospect of him getting dragged to the US. Apparently, nobody trusts the Korean court to bring him to justice.

Good. Do Kwon is grifting sociopath and lost a lot of people money. From the start his first reaction was PR damage control and like the post says he even tried to make a run for it.

Zero personal accountability.

Important to note that this is unrelated to Hashicorp / Terraform.

Also, Terraform Industries (natural gas company)

And United Federation of Planets' Terraform Command

and Terraforming concept

And Tara Form–Ng

Also, the Terran Dominion in the Koprulu Sector led by Arcturus Mengsk.

This is why we should be naming companies things like "Bay State Marine Drives & Propulsion, LLC"

A bit less sexy but considerably better than "Indigo" or "Shai-Hulud Corp"

Reply on news.ycombinator.com