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In March, Kwon, along with former Terra executive Han Chang-joon, were arrested in Montenegro for allegedly attempting to travel with falsified documents. Authorities in South Korea had been searching for Kwon after his multi-billion dollar crypto enterprise collapsed in May last year. Since his arrest, both South Korea and the
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The High Court decided against the bail approval after it found the Basic Court did not sufficiently assess the the value of the defendant's property, saying the lower court could not accept the value of defendants' property "based on their statements, but only concrete evidence," that was, in this instant,
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Prosecution appealed a previous decision by a lower court in the country to let the disgraced founder go free while he faced trial. Source
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The agenda included official business conference–style events, with many sessions taking place at the “Dome,” a structure built by volunteers specifically for the event, about 300 feet from the Chedi. Each week delved into a different theme, like zero-knowledge cryptography, and Web3, though other weeks were not crypto-specific, addressing themes
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Terra co-founder Do Kwon’s bail is now in question after the State Prosecutor’s Office filed an appeal against it. Kwon is still wanted for extradition by South Korea and has criminal charges to answer in the United States. On May 17, the State Prosecutor’s Office in Montenegro’s capital Podgorica appealed against the
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Terraform Labs founder Do Kwon and his former chief financial officer Han Chong-Joon have been granted bail by a court in Montenegro. According to media reports, the court decided to release Kwon and Han to house arrest under
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Terraform founder Do Kwon will be released from jail but placed under police surveillance at a local residence, a Montenegrin court has decided. The trial against him and another Korean, on charges of travelling on false documents, opened on Thursday with both pleading not guilty. Court Grants Bail Request for Do
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During the hearing, the defendants indicated they had "property worth several million" and the bail amount will be paid by their wives, the court's statement said. Prosecution objected to the bail proposal, saying there was no guarantee that Kwon was not a flight risk. Source
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Montenegro has granted approval to the bail terms proposed by the lawyers of Terra Luna founder Do Kwon, who was charged with the criminal offense of document forgery under Montenegrin law. According to the official document released by local authorities on May 12, the court has accepted the proposed
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Montenegrin authorities arrested the Terra founder in March for allegedly attempting to travel with fake documents. Original Source
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