Appeal Against Terraform Labs Co-Founder Do Kwon’s Bail Terms Dismissed in Montenegro | CoinMarketCap

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Appeal Against Terraform Labs Co-Founder Do Kwon’s Bail Terms Dismissed in Montenegro | CoinMarketCap
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CryptoNews: The Podgorica district court in Montenegro has dismissed an appeal by the State Prosecutor’s office against the bail of DoKwon, the co-founder of Terraform Labs, and his former CFO Han Chang-Joon. 🧐

Appeal Against Terraform Labs Co-Founder Do Kwon’s Bail Terms Dismissed in Montenegro, the co-founder of Terraform Labs, and his former CFO Han Chang-Joon. The two crypto executives are accused of using fake passports to try to leave the country after being wanted by South Korean and US authorities for their role in theThe court upheld the bail terms set on May 12, which require Do Kwon and Han Chang-Joon to pay $436,000 each and remain under house arrest at Chang-Joon’s apartment in Montenegro.

Do Kwon and Han Chang-Joon were originally arrested in March. They are facing fraud charges in South Korea and the US for allegedly manipulating the algorithmic stablecoin, which caused a market crash of $40 billion in June 2021. Additionally, Interpol issued a red notice for Do Kwon’s arrest.I've been writing about Bitcoin since 2014. My work has appeared in Forbes, Fortune, Wired UK, Bitcoin Magazine, and many other online publications.

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