Terraform Labs founder Do Kwon has been granted €400,000 bail and house detention by a court in Podgorica, Montenegro. Kwon and a fellow South Korean have been accused of travelling on fake documents. The pair were detained on 23 March, with reports suggesting that Kwon, whose full name is Kwon Do-Hyung, was carrying a Costa Rican passport and was heading to Dubai. A trial started on 19 May. Kwon and his colleague had both pleaded not guilty to the charges. Kwon is also under investigation in the US and South Korea over the $40bn crash of Terraform’s cryptocurrency, Luna, and stablecoin, Terrausd, which left around 200,000 people with heavy losses.
Do Kwon gegen Kaution von 400.000 Euro freigelassen und plädiert in Montenegro auf nicht schuldig –
