Browsing:TerraLabs

Montenegro Court Denies Bail to Terraform CEO Do Kwon
9 months ago 1 min read

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 fly out of the country using fake passports. Kwon, a South Korean national, was subject to an Interpol Red Notice that requested law enforcement agencies to detain him. Kwon and