The post Do Kwon Pleads Not Guilty to Alleged Use of Counterfeit Passport, Attorneys Propose $437K Bail appeared first on Coinpedia Fintech News
Do Kwon, the co-founder of Terraform Labs, has entered a plea of not guilty in a Montenegrin court. He faces charges of using a counterfeit passport, an allegation made more complex by Kwon’s high-profile status in the cryptocurrency industry and the recent collapse of his TerraUSD stablecoin.
Do Kwon Denies Charges Amid a Sea of Controversy
Kwon, along with Terraform Lab’s former CFO Han Chang-joon, was apprehended in March at the Podgorica airport in Montenegro. The arrest took place when the pair attempted to board a private jet bound for Dubai. This arrest marked the end of their status as international fugitives following the TerraUSD stablecoin debacle, which had wiped out almost $45 billion from the cryptocurrency market and caused a cascade of business closures and bankruptcies.
Their defense attorney, Branko Andjelic, proposed a b
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