BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home BREAKING NEWS

Montenegran Court Grants Bail for Terra Co-Founder Do Kwon 

BlockNews Team by BlockNews Team
May 12, 2023
in BREAKING NEWS, MEDIA, POLITICS, SOCIAL
Reading Time: 1 min read
2
SHARES
26
VIEWS
Share on XShare in TelegramShare on Reddit

After being detained in Montenegro at the Podgorica airport in March while attempting to travel to Dubai with falsified Costa Rican travel documents and Hon Chang Joon, Terraform Labs CFO, Do Kwon has been granted bail. The pair traveled with falsified documents because South Korean authorities confiscated their passports in October 2022. 

The SEC had accused Kwon of fraud, and South Korean authorities issued a warrant for his arrest in September 2021. These actions came after the Terra crash when the TerraUSD algorithmic stablecoin depegged, wiping out $40 billion worth of market value. Prosecutors in Seoul froze upwards of $200 million in digital assets linked to Kwon, who was on the run until his arrest in Montenegro in March 2023.  

On Friday, May 12, 2023, Montenegro approved the bail terms proposed by Terra founder Do Kwon’s lawyers. Kwon faces criminal charges of document forgery under Montenegrin law. Kwon and Han Chang-Joon, have been granted bail of $436,000 each and put under house arrest instead of being taken into custody. The court has stated that if the house arrest is violated, the bail will be entered into a special section of the court’s budget.  

Additionally, the court will verify the authenticity of the travel documents and identity cards allegedly issued by Belgian authorities. Kwon’s lawyers requested these conditions one day before the court’s decision. The party has three days to repeal the decision if they are unsatisfied with it. A criminal trial for Do Kwon is set to begin in Montenegro on June 16. 

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: Do KwonMediaSocialterra
Tweet1ShareShare
BlockNews Team

BlockNews Team

DON'T MISS THESE! HOT OFF THE PRESS

Trump Claims India is Slashing Tariffs Against the U.S. and Here is Why
FINANCE

Trump Claims India is Slashing Tariffs Against the U.S. and Here is Why

September 1, 2025
CFTF Investigating Pathways to Allow U.S. Traders Access to Offshore Crypto Exchanges
CRYPTO

CFTF Investigating Pathways to Allow U.S. Traders Access to Offshore Crypto Exchanges

August 28, 2025
Fed Rate Cut Odds Spike to 80% in September: Here is Why
FINANCE

Fed Rate Cut Odds Spike to 80% in September: Here is Why

August 27, 2025
XRP ETF Hype Builds as Futures Hit $1B Milestone
CRYPTO

XRP ETF Hype Builds as Futures Hit $1B Milestone

August 26, 2025
Trump Threatens to Destroy China: Here is Why
FINANCE

Trump Threatens to Destroy China: Here is Why

August 25, 2025
Trump and Hassett Double Down on Intel Deal, Hint at Bigger Moves Ahead
FINANCE

Trump and Hassett Double Down on Intel Deal, Hint at Bigger Moves Ahead

August 25, 2025
Load More

Related News

WLFi Token Unlock Triggers $500M Shockwave Across Crypto Markets

WLFi Token Unlock Triggers $500M Shockwave Across Crypto Markets

September 1, 2025
Trump Claims India is Slashing Tariffs Against the U.S. and Here is Why

Trump Claims India is Slashing Tariffs Against the U.S. and Here is Why

September 1, 2025
Ethereum Whales Are Driving a Market Shift as Bitcoin Gets Dumped

Ethereum Whales Are Driving a Market Shift as Bitcoin Gets Dumped

September 1, 2025
XRP Price Outlook: September 2025 Could Bring Bearish Sideways Action

XRP Price Outlook: September 2025 Could Bring Bearish Sideways Action

September 1, 2025
Chainlink Nears Supply Squeeze as 90% of Holders Sit in Profit

Chainlink Nears Supply Squeeze as 90% of Holders Sit in Profit

September 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews