Do Kwon, co-founder of Terraform Labs, has been granted a €400,000 bail and will be released from custody in Montenegro. The court has also agreed to release Terraform's former CFO, Chang-joon Han, on the same conditions.
Both men will be placed under house arrest. Kwon and Han were arrested in March at the Podgorica airport while attempting to travel to Dubai with allegedly fake passports from Belgium and Costa Rica. They are also facing legal issues in South Korea and the US.
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