Do Kwon could serve prison in both US and South Korea, prosecutor says

South Korean senior prosecutor Dan Sunghan speaking about the possibility of Kwon facing multiple sentences across the U.S. and South Korea.” Sunghan also worried the truth that South Korean authorities have actually currently arraigned a number of Kwons co-conspirators. According to South Korean district attorney Dan Sunghan, some extradition demands can take up to 9 months for processing.Related: South Korea passes bill to make officials disclose Bitcoin holdingsMeanwhile, South Korean authorities have actually begun evaluating Binances acquisition deals in the nation after the crypto exchange got into a legal fight with the United States Securities and Exchange Commission.A regional report recommends that South Koreas financial watchdog– the Financial Service Committee– is reviewing Binances acquisition of local crypto trading platform Gopax.In its evaluation of the Gopax offer, the FSC pointed out that Binances alleged securities law infractions and requests from the SEC to freeze Binance.US properties make it challenging to accept the acquisition demand at this point.

Kwon was held by Montenegro authorities on March 23 after he was caught trying to fly out of the nation using fake documents. Not long after, both the U.S. and South Korean authorities requested his extradition to their respective countries. According to South Korean prosecutor Dan Sunghan, some extradition requests can take up to 9 months for processing.Related: South Korea passes expense to make authorities reveal Bitcoin holdingsMeanwhile, South Korean authorities have actually started evaluating Binances acquisition handle the nation after the crypto exchange got into a legal fight with the United States Securities and Exchange Commission.A local report suggests that South Koreas financial guard dog– the Financial Service Committee– is reviewing Binances acquisition of regional crypto trading platform Gopax.In its review of the Gopax offer, the FSC pointed out that Binances alleged securities law offenses and requests from the SEC to freeze Binance.US properties make it tough to accept the acquisition request at this moment.

South Korean senior district attorney Dan Sunghan speaking about the possibility of Kwon dealing with numerous sentences throughout the U.S. and South Korea.” Sunghan likewise worried the reality that South Korean authorities have actually currently prosecuted a number of Kwons co-conspirators. “This is the biggest monetary fraud or financial securities scams case that has actually ever occurred in South Korea,” stated Sunghan.