Do Kwon Was Denied Bail In Montenegro: Report
Tech Si Do Kwon ay Tinanggihan ng Piyansa Sa Montenegro: Ulat 23 minuto ang nakalipas Balita ng Ethereum ng Bitcoin On Wednesday, a higher court in Montenegro revoked bail of 800,000 euros ($880,640) earlier given to Do Kwon, a cryptocurrency entrepreneur accused in the United States of a multibillion-dollar scam, and an ally awaiting trial, according to a ulat. The previous verdict was reversed by the high court in Montenegros capital Podgorica, court spokesperson Marija Rakovic said by phone on Wednesday. Kwon is still imprisoned. Do Kwon, a South Korean person, is the former CEO of Terraform Labs, the South Korean company behind the stablecoin TerraUSD, which crashed in May 2022, unsettling cryptocurrency markets. Han Chong-joon, Kwons former chief financial officer, is also affected by the judgment. Both were granted bail of 400,000 euros ($430,500) by the Basic Court in Podgorica earlier this month. The prosecution swiftly filed an appeal, which moved the matter to a higher court for a decision. Kwon and Joon were apprehended in March when they attempted to board a flight to Dubai at the airport in Montenegros capital, Podgorica. The two were accused of falsifying official papers, and a court in Podgorica sentenced them to 30 days in pre-trial custody. The prosecution contended that