Terraform’s Kwon Pleads Not Guilty to Fake Passport Charges
- TerraUSD’s implosion caused an estimated $40 billion in losses
- Kwon, associate were found with Belgian, Costa Rican documents
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Crypto entrepreneur Do Kwon pleaded not guilty in a court in Montenegro, where he was detained on an international warrant and charged by local authorities with using forged travel documents.
The Terraform Labs co-founder and its former chief financial officer, Han Chang-joon, who also pleaded not guilty, were caught at the airport in Montenegro’s capital Podgorica in March when they tried to board a private jet to fly to Dubai after months as fugitives.