Terra’s Do Kwon Receives 4-Month Jail Sentence in Montenegro for Counterfeit Passport Usage

Montenegro’s court docket has decided that Do Kwon, the co-founder of Terraform Labs, is responsible of utilizing a counterfeit Costa Rican passport. As a outcome, he has been sentenced to 4 months in jail for the offense.

Do Kwon Sentenced to 122 Days in Prison, Defendant Has 8 Days to Appeal

According to the Montenegrin court docket, Do Kwon, also referred to as Kwon Do-Hyung, has been convicted of possessing and trying to make use of a counterfeit passport. The court docket’s announcement specifies that Kwon has been discovered responsible of the prison offense of doc forgery. Montenegrin legislation enforcement authorities will seize Kwon’s journey paperwork, which embrace a Costa Rican passport, a Belgian passport, and two different types of identification.

The court docket has imposed a four-month jail sentence on Kwon, as acknowledged in a translated court docket assertion that mentions “all relevant circumstances were taken into consideration in determining the severity of the sentence.” Kwon has an eight-day window to lodge an enchantment following the receipt of a written copy of the court docket’s judgment.

Kwon’s sentencing comes after the previous govt of Terraform Labs was granted bail, with a set quantity of $435,000. Nevertheless, the Montenegrin High Court unequivocally revoked the decrease court docket’s bail ruling on May 24, 2023. Marija Rakovic, a court docket spokeswoman, straight relayed this official data to Bloomberg.

So far, Kwon has been incarcerated in Montenegro for a cumulative interval of 88 days. Unless he recordsdata an enchantment towards the decision, it’s anticipated that he’ll serve a further 122 days in jail. Reports point out that Montenegro’s prisons are overcrowded and deemed distressing. Meanwhile, each South Korea and the United States are actively pursuing the institution of an extradition treaty with Montenegro, aiming to convey Kwon to face expenses of their respective nations.

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