TL;DR

• Do Kwon, co-founder and former CEO of the failed Terra Labs, was arrested after trying to board a plane in Montenegro, using a fake passport last month.

• Prosecutors from the US and South Korea are fighting over who gets to prosecute Do Kwon first, like a pair of siblings fighting over the TV remote.

• South Korea is looking to slap DK with the longest jail term for a financial crime in the country’s history.

• Meanwhile, in America, DK has both civil and federal lawsuits waiting to greet him.

Full Story

Want a story that isn't boring as hell? Ok, let's spice things up...

If you don't know who Do Kwon is, he's 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 was losing billions of dollars of investor funds, before it was cool).

But even though his business collapsed before SBF's, Do Kwon has only recently been arrested (after trying to board a plane in Montenegro using a fake passport last month).

Ok..so what next? A boring criminal trial that we'll all forget about?

Not quite.

Prosecutors from the US and South Korea are fighting 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 be waiting a while. South Korea, for example, is looking to slap DK with - wait for it...

The longest jail term for a financial crime in the country’s history.

Meanwhile, in America, DK has both civil and federal lawsuits waiting to greet him.

As the saying goes:

When life gives you lemons, buy a fake passport and try to avoid criminal prosecution across two continents.