Terra Do Kwon founder finally stays in prison

Do Kwon, figure and co-founder of TerraForm Labs

Do Kwon, figure and co-founder of TerraForm Labs

A Montenegro court a cancelled visit decision of a judge who had accepted the request from bail from designer from Terra Luna.

The Podgorica High Court has opposed the requests for release of the former Terraform Labs directors. Do Kwon and Han Chang-joonreports Wednesday Reuters.

Earlier this month, a Montenegrin judge had agreed to release the two South Korean nationals in exchange for a fine. bail of 400,000 euros each.

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Contrary to his colleague, the High Court judge considered that a bond of 800,000 euros could not be used as a guarantee. not be considered as a solid guarantee and that Kwon and Chang-joon had no interest in remaining in the territory.

Accused by Montenegro accused of falsifying identity documents, the two South Korean crypto entrepreneurs were arrested at Podgorica airport at the end of March.

They are also facing charges in the USA and Canada. South Korea as part of the Terra affair. Both countries are now seeking their extradition.

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