Do Kwon granted bail at €400,000 – against prosecutors wishes

Terraform Labs co-founder Do Kwon volition beryllium released connected bail alongside institution CFO Han Chong-Joon — against the wishes of prosecutors.

The Montenegro tribunal has acceptable a interest of €400,000 ($436,000) per person, according to Bloomberg.

Upon release, some men volition beryllium nether location apprehension with constabulary supervision successful the country’s capital, Podgorica.

In winning the bail, defence lawyer Branko Andjelic told the tribunal neither antheral is simply a formation hazard — offering his girlfriend’s flat arsenic the spot of location arrest.

Prosecutors argued that the bail magnitude is inconsequential erstwhile considering Do Kwon’s wealth.

Do Kwon captured

On March 23, the brace were arrested astatine Montenegro Podgorica Airport aft suspicious question documents were noted.

The seizure provided a melodramatic twist to the ongoing multi-billion dollar fraud that unraveled arsenic Terra LUNA collapsed nether the value of the TerraUST de-peg connected May 10, 2022.

Since being incarcerated, respective incidents person travel to light, including forming a caller shell company with assistance from Serbian lawyers and the U.S. Securities and Exchange Commission filing charges against Do Kwon.

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