Fallen crypto mogul Do Kwon could face over 40-year jail sentence: S. Korean prosecutor

The 31-year-old was arrested in Montenegro in March, ending a spell as a fugitive. - Reuters

SEOUL (Bloomberg): The disgraced former crypto titan Do Kwon may spend most of his life behind bars, first in his native South Korea and then in the US, according to a scenario laid out by a senior prosecutor in the Asian nation.

Both countries are seeking Kwon’s extradition on charges linked to the collapse of digital tokens he created, an implosion that blew up at least US$40 billion. The 31-year-old was arrested in Montenegro in March, ending a spell as a fugitive.