Embattled Terra (LUNA) founder Do Kwon is reportedly having his bail conditions appealed by Montenegrin prosecutors.
According to a new document released by Montenegrin authorities, an appeal has been filed by the State Prosecutor’s Office against the decision to let Kwon and his associate Han Chang-joon pay 400,000 euros ($435,000) to be let out on bail and put under house arrest.
The case files have been sent to the High Court of Podgorica for a decision, the document says.
Kwon was first arrested in Montenegro in March after attempting to board a flight to the United Arab Emirates (UAE) with a Costa Rican passport, which authorities say was allegedly forged.
Earlier this month, Kwon and Chang-joon agreed to pay $435,000 each to post bail, with the condition that they’d be forced to stay under house arrest until the end of their criminal proceedings.
Kwon and Chang-Joon also promised to not hide from the courts, regularly respond to court summons and always be available at their residence.
However, prosecutors at the time said that terms of the bail would not be enough to stop them from trying to flee the Balkan nation.
“The representative of the prosecution objected to the aforementioned proposal, pointing out that the offered amount does not guarantee the presence of the defendants, and that the defendants have no interest in staying in the territory of Montenegro.”
Kwon is also wanted in other jurisdictions, such as South Korea and the United States, for his alleged role in last year’s multi-billion-dollar collapse of the Terra ecosystem.
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inboxCheck Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Terra (LUNA) Creator Do Kwon’s Bail Conditions Appealed by Prosecutors: Report appeared first on The Daily Hodl.
