TL;DR
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Do Kwon, co-founder and former CEO of failed Terra Labs, was arrested last month after trying to board a plane in Montenegro with a fake passport.
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Prosecutors from the US and South Korea fight over who gets to prosecute Do Kwon first, like a pair of siblings fighting over the TV remote.
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South Korea wants to give DK the longest prison sentence for a financial crime in the country’s history.
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Meanwhile, in America, DK awaits both civil and federal lawsuits to greet him.
Full story
Do you want a story that not boring as hell? Okay, let’s spice things up…
If you don’t know who Do Kwon is, he is the co-founder and former CEO of Terra Labs – creators of Terra Luna.
Do Kwon is like the “indie” version of Sam Bankman-Fried (he lost billions of dollars in investor funds, for it was awesome).
But even though his company collapsed before SBF’s, Do Kwon was only recently arrested (after trying to board a plane in Montenegro with a fake passport last month).
Ok..so what now? A boring criminal trial that we will all forget?
Not quite.
Prosecutors from the US and South Korea fight over who gets to prosecute Do Kwon first, like a pair of siblings fighting over the TV remote.
This is because the second in line to charge Do Kwon might wait a while. For example, South Korea wants to hit DK with – wait for it…
The longest prison sentence for a financial crime in the country’s history.
Meanwhile, in America, DK awaits both civil and federal lawsuits to greet him.
As the saying goes:
When life gives you lemons, buy a fake passport and try to avoid criminal charges on two continents.