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Crypto Fugitive Kwon Gets Boost as Terra Aide Avoids Detention

  • South Korea court rejected prosecutors’ request to detain aide
  • Kwon, the aide and four others face charges over crypto crash
Do Kwon

Do Kwon

Photographer: Woohae Cho/Bloomberg

Crypto fugitive Do Kwon received a boost after a court allowed an executive linked to his collapsed Terraform Labs ecosystem to avoid jail and indicated room for dispute over some of the allegations the person faces.

The court in Seoul said it didn’t see a need to detain the suspect and added there’s scope for legal debate over whether the individual breached the nation’s capital-markets law, charges that Kwon and four others also face.