$LUNC

Do Kwon’s Bail Revoked, Will Remain in Jail in Montenegro

The high court of Montenegro’s capital city Podgorica has revoked its decision to grant bail to Terraform Labs chief executive officer Kwon Do-hyeong and former chief financial officer Han Chang-joon. Both Kwon and Han will remain in jail, while the next hearing for the two South Korean nationals is expected to take place on June 16. The two were arrested at Podgorica airport on March 23 for allegedly attempting to

Terraform Labs’ Co-founder and CEO Do Kwon Cashes Out $2.8 Million Before Montenegro Bail Release

Terraform Labs Co-founder and CEO, Do Kwon, reportedly liquidated $2.8 million worth of cryptocurrency before being released on bail in Montenegro on Friday. Kwon and fellow executive, Han Chong-joon, were arrested in March this year, charged with possession of fake travel documents and attempting to travel with counterfeit papers. The executives were later granted bail and released for a sum of around $436,000. Sources claim that $500,000 worth of Tether