Do Kwon Sentenced to Four Months in Prison Montenegro High Court

The post Do Kwon Sentenced to Four Months in Prison Montenegro High Court appeared first on Coinpedia Fintech News

Do Kwon, the founder of Terraform Labs, has been sentenced to four months in prison by a Montenegrin court for falsifying documents. The decision follows an appeal by Kwon and fellow executive Han Chang-Joon, who were arrested in March 2022.

The court’s statement described the sentence as “adequate” punishment for the crime committed. Kwon and Han Chang-Joon have been in custody since their arrest and will serve their sentences before facing extradition to either South Korea or the U.S. The collapse of Terraform Labs’ crypto empire in May 2022 resulted in billions of dollars in losses for investors.