Terraform Labs Founder Do Kwon Sentenced to 4 Months in Montenegro Prison for Document Forgery.

Do Kwon, the founder of cryptocurrency firm Terraform Labs, and another South Korean citizen have been sentenced to four months in prison by a court in Montenegro for using forged documents. Kwon was arrested in Montenegro in March on an international arrest warrant in connection with the $40 billion crash of Terraform Labs’ cryptocurrency. Both South Korea and the United States have requested his extradition from Montenegro. Kwon and five others connected to Terraform are wanted on allegations of fraud and financial crimes in relation to the implosion of the firm’s digital currencies in May 2022.