Terraform Labs founder Do Kwon is set to be released from Montenegro jail on supervised bail as his trial on document forgery charges continues, a court notice from Friday shows.
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Do Kwon set to be released after Montenegro court accepts $436,000 bailTerraform Labs co-founder Do Kwon is reportedly set to be freed from jail pending trial after a court in Montenegro accepted a €400,000 bail.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Do Kwon Set To Be Released on Bail in Montenegro Travel Document Forgery CaseA Montenegro court has accepted a $437,000 bail proposal from lawyers for stablekwon, which prohibits him from leaving his apartment as he faces charges of falsifying travel documents. iamsandali reports.
Source: CoinDesk - 🏆 291. / 63 Read more »
Do Kwon's lawyers propose $436K bail as authorities prepare for June trialTerra co-founder Do Kwon and his former aide Han Chang-joon denied the charges of using falsified documents in Montenegro as lawyers sought bail conditions preceding the June trial.
Source: Cointelegraph - 🏆 562. / 51 Read more »
$176M of Do Kwon's assets are frozen: ReportDo Kwon's fortunes go from bad to worse as the former blockchain executive's personal assets are frozen by a South Korean court. On May 10, local news outlet Hankyung reported that Do Kwon, co-founder and former CEO of Terraform Labs, had over 233.3 billion Korean won ($176 million) in personal assets frozen as part of ongoing criminal proceedings.
Source: Cointelegraph - 🏆 562. / 51 Read more »