Do Kwon to be released from jail, remain in Montenegro | Headlines | News | CoinMarketCap
03/23/2024 02:37
Terraform co-founder Do Kwon is being released from prison in Montenegro, but he will remain in the Balkan as he faces criminal charges brought by …
The Block Crypto News11 minutes ago
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Published on March 22, 2024 19:25 GMT+00:00edited on March 22, 2024 19:31 GMT+00:00
Terraform co-founder Do Kwon is being released from prison in Montenegro, but he will remain in the Balkan as he faces criminal charges brought by authorities in several countries.
On Friday, Montenegro’s High Court ordered the South Korean crypto kingpin’s passport be confiscated to prevent him from leaving the country, Montenegrin daily newspaper Vijesti reported. According to the court's order, Kwon will leave Spuž prison on Saturday.
Prosecutors contested Kwon's extradition to South Korea, preferring he get sent to the United States where his sentences could be longer should he get convicted.
In May 2022, Terraform Labs' Terra and Luna cryptocurrencies collapsed, erasing over $40 billion in market value in a matter of days. …