According to Korean news agency Yonhap, Do Kwon, the disgraced co-founder of Terraform Labs, has a relationship with an influential politician in Montenegro. The Prime Minister of Montenegro revealed this information just days before the country's parliamentary elections, after receiving a handwritten note from Kwon detailing illegal political donations made to Milojko Spajic since 2018.

South Korean prosecutors are targeting the cryptocurrency assets of Do Kwon, the founder of failed blockchain project Terra, who allegedly funneled tens of millions of dollars out of Luna Foundation Guard (LFG). The whereabouts of Kwon's $29 million worth of digital tokens, which were transferred from a crypto wallet belonging to LFG, are currently unclear.

Do Kwon, the creator of TerraUSD, has been granted bail of $428,000 by a Montenegro court after a third round of negotiations. Kwon and former CFO Han Chang-Joon were arrested in March for allegedly carrying forged passports and travel documents. The courts in Montenegro could sentence Kwon to five years in prison if he is convicted on forgery charges. Kwon is also facing criminal prosecution in the US and South Korea, with both countries requesting his extradition from Montenegro.

Terra co-founder Do Kwon and former CFO Han Chang-joon have been granted bail for the second time by the Montenegro Basic Court. The court approved a bail amount of 400,000 Euros ($436,000) each and prosecutors have three days to appeal the decision. The defendants must remain in the apartment provided by their lawyer until the end of the passport forgery case and comply with court summons and surveillance measures. The court considered the seriousness of the criminal offense, personal and family circumstances of the defendants, and financial conditions of the persons paying for the bail. Terra, a South Korean blockchain firm co-founded by Do Kwon, has launched Terra Classic, a blockchain-based payment system.

Terraform Labs co-founder Do Kwon and former CFO Han Chong-joon had their bail revoked by the high court of Montenegro in Podgorica, overturning a previous decision to release them on €400,000 bail each. The court had previously ordered the men to be placed under house arrest while awaiting trial.

According to reports from South Korean media outlets, Do Kwon, the co-founder of Terra, withdrew digital assets worth $2.15 million before being granted bail by a Montenegro court. Terraform Labs, co-founded by Kwon and Daniel Shin, transferred 1.8 million Convex Finance tokens worth nearly $8.7 million. Kwon reportedly withdrew USDT and LUNC stablecoins worth $400,000 and Terra Classic (LUNC) worth $150,000 from wallets managed by him. South Korean prosecutors are seeking to freeze assets belonging to Kwon and related individuals, while Kwon still has assets worth millions in a Swiss bank. Stay up-to-date on the latest crypto news and developments with our comprehensive coverage, including an updated list of crypto presale projects and Telegram channels for 2023.

Terraform Labs CEO Do Kwon has sold LUNC and USDT crypto assets worth $2.8 million before being released on bail in Montenegro. These funds are believed to be linked to the collapsed Terra-Luna project that caused over $40 billion in losses to the crypto market. Kwon and his associate Han Chong-joon are facing extradition to Montenegro and fraud charges in South Korea and the US.

Montenegro prosecutors have appealed the court's decision to release Do Kwon, co-founder of Terraform Labs, on a $440,000 bail. Kwon was arrested in March in Montenegro after allegedly being on the run for several months.

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.

Lawyers for Terra co-founder Do Kwon and Terra executive Han Chang-joon have requested a bail of $436,000 each and house arrest in Montenegro. The two are facing multiple criminal charges in South Korea and the United States.