The Podgorica district court in Montenegro has dismissed an appeal by the State Prosecutor’s office against the bail of Do Kwon
Appeal Against Terraform Labs Co-Founder Do Kwon’s Bail Terms Dismissed in Montenegro
The court upheld the bail terms set on May 12, which require Do Kwon and Han Chang-Joon to pay $436,000 each and remain under house arrest at Chang-Joon’s apartment in Montenegro. The local police will monitor their movements and confiscate their bail if they violate the supervision measures. The court also stated that it needs more time to verify the authenticity of the Belgian passports and identity cards held by Kwon and Chang-Joon.