Terraform Labs co-founder Do Kwon might be launched on bail alongside firm CFO Han Chong-Joon — in opposition to the desires of prosecutors.
The Montenegro court docket has set a price of €400,000 ($436,000) per particular person, based on Bloomberg.
Upon launch, each males might be underneath home arrest with police supervision within the nation’s capital, Podgorica.
In successful the bail, protection lawyer Branko Andjelic instructed the court docket neither man is a flight danger — providing his girlfriend’s residence because the place of home arrest.
Prosecutors argued that the bail quantity is inconsequential when contemplating Do Kwon’s wealth.
Do Kwon captured
On March 23, the pair have been arrested at Montenegro Podgorica Airport after suspicious journey paperwork have been famous.
The seize offered a dramatic twist to the continuing multi-billion greenback fraud that unraveled as Terra LUNA collapsed underneath the burden of the TerraUST de-peg on Might 10, 2022.
Since being incarcerated, a number of incidents have come to mild, together with forming a brand new shell firm with assist from Serbian legal professionals and the U.S. Securities and Trade Fee submitting fees in opposition to Do Kwon.
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