Terraform Labs Founder Do Kwon Granted Bail in Montenegro, Maintains Innocence
TL;DR
Do Kwon, the founder of Terraform Labs, has been granted bail of €400,000 ($435,000) by a Montenegrin court, but will be placed under police surveillance at a local residence. Kwon and another South Korean citizen are charged with attempting to use forged personal documents in Montenegro. Both have pleaded not guilty. Kwon is also wanted by authorities in Seoul and the US in connection with the $40bn crash of the Terraform ecosystem's cryptocurrency luna and stablecoin terrausd.
- Do Kwon to Be Released on €400000 Bail, Pleads Not Guilty in Montenegro – Bitcoin News Bitcoin News
- Failed Terra Founder Do Kwon, Who Avoided Police for Months, Gets Bail Gizmodo
- Do Kwon to Be Released Into House Arrest The Wall Street Journal
- Montenegro court allows Terraform’s Do Kwon to be released on bail Yahoo! Voices
- Montenegro court agrees to release Terraform Labs founder on $435k bail Fox News
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