Skip to content

Crypto Mogul Do Kwon’s Bail Is Revoked in Montenegro

Do Kwon is taken to court in Podgorica, Montenegro, on March 24.
Do Kwon is taken to court in Podgorica, Montenegro, on March 24.Photographer: Risto Bozovic/AP
Updated on

A Montenegrin court revoked a bail application from former crypto mogul and Terraform Labs co-founder Do Kwon, keeping him in jail.   

The High Court in Montenegro’s capital Podgorica overturned a lower court’s decision to release Kwon and his former chief financial officer Han Chong-joon on appeal from the prosecutors, spokeswoman for the court Marija Rakovic said by phone on Wednesday.