Do Kwon, the Korean crypto promoter behind the $40-billion collapse of Luna and TerraUSD tokens in May 2022, has been jailed for four months in Montenegro, according to a report by the BBC that said he and a colleague had been found guilty of attempting to travel on counterfeit documents. Other news-sites said they attempted to use “fake Costa Rican passports”.
The former crypto whiz and his his former finance officer Han Chang-joon may only face a few more weeks in custody as the sentence they received includes the three months or so since their arrest at Podgorica airport in March.
A South Korean court last year issued an arrest warrant for Kwon and five others linked to the Terraform Labs collapse, while US regulators have also charged him with “orchestrating a multi-billion-dollar crypto asset securities fraud”, however neither country has extradition treaties with Montenegro, the report said, so it is uncertain where Kwon and his associate will end up once they are released.
Read the full report: The BBC.
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