Crypto Entrepreneur Do Kwon Gets Four-Month Sentence in Montenegro

  • Kwon sentenced for attempting to travel with a forged passport
  • Fallen digital-asset mogul could yet appeal the court’s ruling
Do Kwon is taken to court in Podgorica, Montenegro, on June 16.Photographer: Savo Prelevic/Getty Images
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Terraform Labs co-founder Do Kwon, the crypto entrepreneur who’s sought by the US and South Korea on fraud charges, was sentenced to four months in prison by a Montenegrin court for attempting to travel with a forged passport.

Han Chang-joon, who was Terraform Labs’s chief financial officer, was convicted of the same crime and also received a four-month sentence, the Basic Court in Podgorica said in an email on Monday. Time already spent in detention is included in the prison terms, and the two can appeal the verdict, the court said.