would be based on"several factors," including the severity of the criminal offense, as well as the location and time of the offense. Montenegro reportedly has no extradition treaty with either Singapore or South Korea. However, it has an old extradition agreement with the United States and has previously extradited American citizens.
Prosecutors accused the individuals of earning illicit profits of nearly $350 million , the Korean daily KBS World . Kwon would face similar charges if extradited to his home country, Sung-han told the Journal, with a jail term of up to 40 years.. The ecosystem collapsed when its native stablecoin TerraClassicUSD depegged from the U.S. dollar in May 2022, triggering a snowball crisis in the crypto industry last year.
Kwon was arrested in Montenegro in March and indicted on document forgery charges. Since then, authorities from the United States and South Korea have made efforts to extradite the Terra co-founder. He is also wanted by regulatory authorities in Singapore.
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