Terra co-founder Do Kwon refuses to be released by Montenegrin court on deposit

Terra co-founder Do Kwon refuses to be released by Montenegrin court on deposit
Do Kwon-co-founder of the collapsed Terra (Luna) blockchain-the release against the deposit was refused after he received the first approval for release for around $ 430,500.
- On Wednesday a dish spokesman said that a top dish in the capital of Monetegro can be decided I have release kwon at € 400,000. The founder remains in prison.
- The prosecutors quickly appeal The decision at the beginning of this month, which left the decision to the higher court.
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"The basic court should now make another decision and take into account the decision of the Supreme Court," said Marija Rakovic, the spokeswoman for the court. "There is no legal limitation for how many applications between the respective judges can be made on deposit when deciding on a release of the two South Korean nationals."
- The judgment also applies to Kwon's former CFO Han Chong-Joon, both of whom have not guilty to have accused document falsification after they were allegedly traveled to Montenegro with a fake passport.
- Kwon was arrested in Montenegro in March, whereupon the USA, South Korea and Singapore put him in court.
- The Securities and Exchange Commission has already done this calculated The founder with cheating around Terras Ust- Luna token and later accuses to pay 10,000 Bitcoin (BTC) at a Swiss bank.
- In May 2022, the collapse of Terra triggered an insolven wave in the entire crypto industry, which lasted until the end of the year and made Kwon one of the most hated personalities in the industry.
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