After months of deliberation, Montenegrin authorities have extradited Han Chang-joon to South Korea, according to a notice by the Government of Montenegro. The move comes as both the U.S. and South Korea seek jurisdiction over Kwon to address criminal charges related to the collapse of Terraform Labs, a multibillion-dollar crypto enterprise, in May 2022.

Ongoing appeals

The extradition underscores the severity of the charges, as Han faces criminal proceedings in South Korea for various financial offenses. Meanwhile, Kwon's appeal regarding his extradition fate remains in the hands of Montenegro's appeals court, adding complexity to the legal matter.

Han Chang-joon and Terra co-founder Do Kwon faced arrest in March 2023 while attempting to travel with falsified documents. Subsequently, a Montenegro court sentenced them to four months in prison, sparking a contentious legal battle over their extradition.

Expect ongoing updates as this story evolves.