Keep up with what's happening in the crypto world in real-time.
All Filters (1)
Montenegro's acceptance of bail for Terra (LUNA) founder Do Kwon signifies a potential turning point in his legal challenges. This development not only impacts Kwon personally but also carries significant implications for the wider Terra community and the evolving legal landscape of cryptocurrency.
Terraform Labs co-founder Do Kwon has been released from custody in Montenegro on bail.
Terraform Labs founder Do Kwon and his former chief financial officer Han Chong-Joon have been granted bail by a court in Montenegro.
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.
Troubled Terra (LUNA) founder Do Kwon is being placed under house arrest in Montenegro after posting bail.
On May 12, a Montenegro court granted approval to the proposed bail terms for Terra founder Do Kwon, who faces criminal charges of document forgery under Montenegrin law.
Montenegrin officials have granted Terraform Labs co-founder Do Kwon bail in the travel document forgery case. Kwon will be freed from jail on a supervised €400,000 ($436,000) bail pending trial.
Terra founder Do Kwon is free again, as Montenegrin law grants $436,400 bail for the crypto globetrotter.
Do Kwon, the co-founder of Terraform Labs, was granted bail by a Montenegro court.
A court in Montenegro agreed on Friday to release Do Kwon, a cryptocurrency entrepreneur charged in the U.S. with a multibillion-dollar fraud, on bail of 400,000 euros ($440,320), pending a trial on local charges.
A Montenegrin court has granted bail to Terraform Labs founder Do Kwon, who faces charges of passport fraud in addition to more serious charges from governments seeking his extradition.
Do Kwon will be released to his apartment in Montenegro after he pays $437,000 in bail money.
In a recent development, Montenegro's court has accepted bail of $457,000 for Korean entrepreneur and alleged criminal Hyung Do Kwon. Upon payment of this amount, the defendant is to be released. However, he will be subject to certain surveillance measures, including a ban on leaving his apartment, which will be monitored by the police.
Terraform Labs co-founder Do Kwon will be released on bail alongside company CFO Han Chong-Joon — against the wishes of prosecutors. The Montenegro court has set a fee of €400,000 ($436,000) per person, according to Bloomberg.
The Basic Court in Montenegro has agreed to a $436,000 bail for Terraform Labs' co-founder and CEO Do Kwon.
What an unexpected development: Terra Luna founder Do Kwon has bought his way out of jail in Montenegro, using his own assets to do so. According to local media, Do Kwon accepted the offered bail of 400,000 euros (about $435,000) each for himself and his relative Hon Chand Jun.
The datasets shared in the following article have been compiled from a set of online
Former co-founder of Terraform Labs, Do Kwon, has pleaded not guilty to charges of passport fraud in Montenegro. Kwon, who also faces more serious charges in South Korea and the United States, was apprehended along with former CFO Han Chang-Joon at the Podgorica airport in March after months on the run as fugitives.
Terraform Labs (CRYPTO: LUNA) co-founder Do Kwon and former CFO Han Chong-joon have been granted conditional release by a Montenegrin court after they each posted bail of 400,000 euros (U.S.$436,000). The duo were detained in March at Podgorica Airport, accused of attempting to exit the country using counterfeit travel documents.
According to a recent report published by a Montenegrin news outlet, the co-founder of Terraform Labs, Do Kwon, is expected to be freed from prison awaiting trial following a court approval to a bail worth €400,000 ($436,000). This comes after the 31-year-old Terraform Labs CEO and its former chief financial officer, Han Chang-joon, were detained
The Montenegro court accepted the offered bail in the amount of $436,000 per person for Do Kwon and his former aide Han Chang-joon.
Bail conditions restrict Kwon from leaving his apartment in the country as the trial continues.
The two defendants are in jail not for the failure of the original Earth/Moon project, but for falsifying documents. In fact, they were arrested in March at the airport in the capital, Podgorica, for being in possession of false documents.
After his arrest in March in Montenegro, Kwon is facing trial for traveling on forged documents to the Southeastern European country.
