Montenegrin court upholds decision to grant bail to Terraform co-founder
Jun 4, 2023
A Montenegrin court has once again granted bail to Do Kwon, co-founder of cryptocurrency firm Terraform Labs accused of fraud in South Korea and the United States, dismissing an appeal by local prosecutors to revoke the decision. The district court in Podgorica, Montenegro, announced in a notice released Friday that it has agreed to grant bail to Kwon and his aide, known only by the surname Han, on condition they each pay 400,000 euros ($428,241) in bail money and are placed in confinement under