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Terra co-founder Do Kwon is alleged to have political ties with a political party leader in Montenegro. Outgoing Prime Minister Dritan Abazović, outgoing Justice Minister Marko Kovac, and the Special State Prosecution Office are said to have received a letter from Do Kwon claiming that he financed Europe Now political party.
Terra founder Do Kwon has been released on bail after a Montenegrin court handling his passport forgery case accepted his 400,000-euro request. According to an announcement, a Montenegro High Court granted Do Kwon bail after accepting his 400,000-euro request.
In defiance of the recent collapses of cryptocurrency platforms FTX and LUNA, the Bitcoin network continues to exhibit a robust trend of growth.
Do Kwon is scheduled to be released from detention in Montenegro after his bail request of around $427,900 (€400,000) was approved.
The Podgorica district court in Montenegro has dismissed an appeal by the State Prosecutor's office against the bail of Do Kwon
Terra (CRYPTO: LUNA) founder Do Kwon's bail request has been approved by the Montenegro court, following the annulment of a previous approval by a higher court. Kwon, along with former Terra executive Han Chang-joon, was arrested in Montenegro in March for allegedly attempting to travel with forged documents.
Do Kwon has reportedly won release again, with bail set at 400,000 euros. A Montenegrin court granted him bail until his next hearing on June 16.
Terra LUNA co-founder Do Kwon successfully appealed against the prosecution's request to keep him in custody, and is out on bail as of June 5. The Podriga Basic court overseeing the case granted the bail request and accepted the initial amount of $400,000.
A few days ago, prosecutors in Montenegro had filed an appeal with the court requesting the denial of remand measures for Do Kwon, now considered an international criminal
TerraUSD creator Do Kwon secured his $428,000 bail from a Montenegro court in a third round of judiciary negotiations.The initial approved order from a Basic Court was previously voided by a High Court arguing flight risks and Do Kwon's abundant resources.Courts in Montenegro could issue a five-year sentence to the former Terraform executives if convicted on travel paper forgery charges.South Korean and U.S. governments have requested Kwon's extradition after his multi-billion dollar crypto juggernaut crashed last summer. A Montenegro court granted bail worth $428,000 each for Terraform Founder Do Kwon and former CFO Han Chang-Joon after a High Court voided the initial approval.
Kwon and Joon will be placed under house arrest and monitored by the police.
Terra co-founder Do Kwon could potentially be released on bail again following a Friday court ruling in Montenegro.
Renowned tech mogul Do Kwon, who stands accused of fraud after the controversial collapse of the Terra empire, has been granted a $428,000 bail by the Basic Court in Podgorica, Montenegro. This decision comes as the latest development in Kwon's high-profile case involving alleged document forgery.
After denying his bail request, the Montenegro High Court has granted Kwon police-enforced house arrest until his court date on June 16.
Specifically, the sixth-largest crypto by market capitalization, XRP registers an 11% pump, passing $0.47 last week to $0.53 at the time of writing, despite having touched $0.54 this morning.
The Terraform Labs co-founder is out on bail after an appeals process in Montenegro and will be closely monitored ahead of a new court date.
A previous approval was annulled by a higher court after it was determined the Terra founder's finances were not sufficiently assessed in the first decision.
In May 2022, the crypto community was shattered by the crash of the Terra ecosystem. One year after, we are reconstructing the events, from luna's depeg to Terraform CEO Do Kwon becoming a criminal.
The Montenegro Basic Court has approved Terra co-founder Do Kwon and former chief financial officer Han Chang-joon's bail request for the second time on Friday, according to the lawyer representing Do Kwon and Han Chang-joon. Montenegro prosecutors now have three days to appeal against the court's ruling.
The Court of Montenegro again granted bail from failed Terraform Labs crypto executive Do Kwon.
Binance announced it would close positions on its Terra Classic (LUNC) perpetual futures contract before delisting it upon settlement completion.
In a recent announcement on Twitter, Carbon, a cross-chain staking protocol, revealed the introduction of their first Alliance assets from Terra. This listing sets the stage for expanded opportunities to generate higher yields on LUNA.
Terra co-founder Do Kwon enlisted the services of global law firm Dentons following a passport forgery case, and extradition requests in Montenegro.
In this article we look at all the most relevant news for the crypto assets Ecoterra (ECOTERRA), Monkeys (MONKEYS TOKEN) and Terra (LUNA), along with a price analysis.
