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Montenegro prosecutors on Wednesday filed an appeal against the Montenegro Basic Court's decision to approve the bail request of Terra co-founder Do Kwon and former chief financial officer Han Chang-joon. The court ruled that Do Kwon and Han Chang-joon will remain in custody until Montenegro's High Court decision on the prosecutors' appeal and acceptance of
According to Montenegro Prime Minister, Terra founder Do Kwon has political relations with Europe Now political party President Milojko Spajić.
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.
Do Kwon is scheduled to be released from detention in Montenegro after his bail request of around $427,900 (€400,000) was approved.
The fallen terra classic (LUNC), formerly known as LUNA, has been struggling since the collapse of the Terra ecosystem in May 2022. The asset has dropped further with the current FUD around Binance.
The Podgorica district court in Montenegro has dismissed an appeal by the State Prosecutor's office against the bail of Do Kwon
LUNC witnessed the liquidation of over $300,000 in open long positions. However, the token's strength in maintaining its current momentum is something to watch out for.
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.
In a surprising twist, Luna Classic (LUNC), the original token of the Terra ecosystem, experienced an unexpected price spike recently, a rare occurrence considering the token's sustained downtrend since September 2022. However, the joy was short-lived as it quickly gave up its gains and fell by 14%.
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.
Terra Classic (LUNC), the original chain of the collapsed Terra (LUNA) ecosystem, has recently witnessed a remarkable surge in value, at one point surpassing 30%. This surge comes as a ray of hope amidst a period of pessimistic market sentiment that has persisted for weeks.
Terra LUNA Classic Price Prediction: The latest analysis reveals that LUNC price needs to reclaim $0.0001200 soon or the bounce will fade.
Kwon and Joon will be placed under house arrest and monitored by the police.
The Terra Luna Classic community will vote on the v2.1.0 upgrade proposal on June 7. If the proposal is approved, LuncBurnArmy stated that the upgrade would go live on June 14.
India's economic agency officials have discovered a cryptocurrency wallet worth almost $1 million while investigating a case against a man suspected of fraud and money laundering.
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.
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.
The Terra Classic (LUNC) token has increased by over 20% in the past 24 hours as the community discusses the Parity upgrade. If the proposal is approved, the upgrade is expected to be passed on June 14.
