{"id":175656,"date":"2023-05-18T15:31:49","date_gmt":"2023-05-18T15:31:49","guid":{"rendered":"https:\/\/precoinnews.com\/?p=175656"},"modified":"2023-05-18T15:31:49","modified_gmt":"2023-05-18T15:31:49","slug":"do-kwons-437k-bail-contested-by-montenegro-prosecutors","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/do-kwons-437k-bail-contested-by-montenegro-prosecutors\/","title":{"rendered":"Do Kwon\u2019s $437K Bail Contested By Montenegro Prosecutors"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/03\/Suspected-Terra-Boss-Do-Kwon-Arrested-In-Montenegro-Interior-Minister-Says-770x511.jpg\"><img alt='Naga' src='https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/12\/cropped-IMG-6187-1-50x50.jpg\"><\/p>\n<p>Summary:<\/p>\n<ul>\n<li>The State Prosecutor\u2019s Office in the capital Podgorica filed an appeal contesting Do Kwon\u2019s bail.<\/li>\n<li>A Basic Court approved a bail worth \u00a3400,000 ($437,000) for the TerraUSD creator Do Kwon and another Terraform executive Han Chang-Joon a day after their lawyers filed the request.<\/li>\n<li>Authorities from South Korea and the U.S. want to extradite Kwon for trial in Terra\u2019s $40 billion collapse saga.<\/li>\n<\/ul>\n<p>The bail granted to TerraUSD creator Do Kwon and his fellow Terraform Labs executive Han Chang-Joon by a Basic Court in Montenegro was contested by local prosecutors nearly a week later. <\/p>\n<p>On May 12, Kwon and Han&#8217;s lawyers secured approval from the court to release the defendants a day after the request was filed. A \u00a3400,000 ($437,000) bail for each defendant was issued, allowing both suspects to leave detention after making bail and enter home arrest pending further hearings.<\/p>\n<p>Less than a week later on May 17, the State Prosecutor\u2019s Office in Podgorica appealed the court ruling. <\/p>\n<p>Do Kwon and Han were arrested before they boarded a private jet bound for Dubai from Podgorica, Montenegro&#8217;s capital city. Local police said the suspects were detained with forged travel papers, as confirmed by the Interpol office in Brussels. <\/p>\n<p>Montenegrin prosecutors charged Kwon and his travel companion with forgery, an offense that could attract a 5-year prison sentence if found guilty. The suspects are currently under house arrest and awaiting trial for forgery charges that they pleaded &#8220;not guilty&#8221; to.<\/p>\n<h2>Do Kwon&#8217;s Multi-Jurisdiction Legal Showdown<\/h2>\n<p>The former Terraform Labs CEO faces charges and prosecution from multiple governments including his home country South Korea and the U.S. where his company onboarded users. <\/p>\n<p>South Korea investigators argue that its better to try Kwon in South Korea and have seized around $176 million in assets from the TerraUSD creator. If convicted in his home country, Kwon could face at least 40 years behind bars.<\/p>\n<p>Criminal charges have already been filed against Do Kwon in the U.S. with an eight count indictment including fraud charges and securities violations. <\/p>\n<p>Source: <a href=\"https:\/\/en.ethereumworldnews.com\/do-kwon-bail-appealed-montenegro\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":3,"featured_media":175655,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Do Kwon\u2019s $437K Bail Contested By Montenegro Prosecutors - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/do-kwons-437k-bail-contested-by-montenegro-prosecutors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Do Kwon\u2019s $437K Bail Contested By Montenegro Prosecutors - 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