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Market News

Montenegro Court Orders 4 Months Jail To Terra CEO Do Kwon

Do Kwon Faces Charges in Montenegro for Alleged Use of Fraudulent Travel Documents.

Written By:
Ronak Kumar

Last updated: June 19, 2023 1:46 PM
Published June 19, 2023 1:46 PM
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Last updated: June 19, 2023 1:46 PM
Published June 19, 2023 1:46 PM
Montenegro Court Orders 4 Months Jail To Terra CEO Do Kwon

In a startling revelation from the heart of Montenegro, ex-head honcho and the brain behind the creation of Terra Labs, Do Kwon, has been hit with a judicial verdict of fraudulence. He was found culpable of toting a bogus Costa Rican passport as he schemed to depart from the nation back in March. 

A judicial communique revealed that this faux pas landed Mr. Kwon a stint of four months behind bars, according to a court statement.. 

Despite the charges leveled against him, Do Kwon maintained a stance of innocence during his hearing on Friday, as reported by local news outlets.

Prior to this episode, Kwon had been detained within the confines of Montenegro for a half-year duration. This is while the justice system weighed the prospect of fulfilling an extradition plea emanating from his homeland, South Korea.

Kwon attempted to leave Montenegro using falsified travel documents unaware that these documents were forged, and claimed he received them from a ‘Chinese-named agency,’ recommended by a trustworthy friend.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Ronak Kumar- Crypto Journalist at The Crypto Times
By Ronak Kumar
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Ronak Kumar is a Crypto Journalist with over 3 years of experience covering blockchain, AI, finance, and emerging digital trends. With a background in Commerce (B.Com) and a Postgraduate Diploma in Management (PGDM), he combines business insight with a clear understanding of the evolving crypto space. His reporting has been featured in major publications, with his work cited by NDTV, Hindustan Times, and Outlook India on topics like Trump Memecoin, Bhutan’s crypto mining, and Barron Trump’s digital presence.

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