Поділитися цією статтею
Montenegro High Court Says No Bail for Terra's Do Kwon in Fake Passport Case: Bloomberg
Prosecutors appealed a previous decision by a lower court in the country to let the disgraced founder go free while he faced trial.
A Montenegro high court has annulled a decision by a lower court to release Terraform Labs co-founder Do Kwon on bail as he faces charges of attempting to travel with falsified documents, Bloomberg reported on Wednesday.
The Basic Court of the country's capital Podgorica had accepted a previous proposal made by Kwon's lawyers in early May to release the disgraced crypto founder and fellow defendant Terra executive Han Chang-joon on supervised bail with a payment of 400,000 euros ($435,000) each as their trial continues.
STORY CONTINUES BELOW
The prosecution for the case made a speedy appeal against the decision before a Podgorica high court took a decision against that of the basic court.
The U.S. and South Korea have requested Kwon's extradition from Montenegrin authorities to face criminal charges over the collapse of Terraform Labs in May last year.
The lower court must now make a decision taking into account what the higher court decided, a spokesperson for the court told Bloomberg.
CoinDesk has reached out to the Montenegrin courts for comment.
Read more: Do Kwon Set to Be Released on Bail in Montenegro Travel Document Forgery Case
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
State of Crypto: Policymakers Dominated Most Influential 2025
CoinDesk is unveiling its annual list of the individuals who have shaped the crypto industry and the discourse around it this year.
Top Stories
