Terra Luna founder Do Kwon’s bail terms officially accepted by Montenegro court
Montenegro has granted approval to the bail terms proposed by Do Kwon, who was charged with the criminal offense of document forgery under Montenegrin law.
According to the official document released by local authorities on May 12, the court has accepted the proposed bail offer for Kwon and Chang-joon of 400,000 euros ($436,000) each, along with being put under house arrest.
According to the documents, if the house arrest is compromised, the bail will be entered into a “special section” of the court’s working budget. Additionally, the notice said it will be necessary to verify the authenticity of travel documents and identity cards, which were “allegedly” issued by the competent authorities of Belgium.
This update comes only one day after Kwon’s lawyers filed their request for such conditions to the Montenegrin authorities.
This is a developing story, and further information will be added as it becomes available.
More Stories
Canadian regulatory body clarifies stablecoin rules for exchanges and issuers
The Canadian Securities Administrators (CSA) has provided guidance to exchanges and cryptocurrency issuers on its interim approach to what it...
EMAX investors given third and final chance at celeb promo suit
The plaintiffs of the EthereumMax (EMAX) investor class action lawsuit have been given a final chance to amend their claims...
SBF was ‘very resistant’ to investors on FTX board: Paradigm co-founder
Sam Bankman-Fried was “very resistant” to having investors join the board of directors at FTX, claims Matthew Huang, the co-founder...
Elon Musk hits at SEC, DOJ amid suit to force testimony in Twitter probe
Elon Musk has called for a “comprehensive overhaul” of the United States Securities and Exchange Commission hours after the regulator...
FTX deposits went to account controlled by Alameda for months, Yedidia testifies
Adam Yedidia, Sam Bankman-Fried’s college roommate and an early employee of FTX, continued his testimony on Oct. 5, the second...
‘We allowed Alameda to withdraw unlimited funds’ — Gary Wang at SBF trial
Gary Wang, the co-founder and former chief technology officer of cryptocurrency exchange FTX, was the latest witness to testify in...