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On Monday, a Montenegro court docket sentenced the disgraced Terra (LUNA) founder Do Kwon to 4 months in jail for trying to journey with a solid passport.
Kwon was first arrested in late March after attempting to board a flight to the United Arab Emirates (UAE) with a Costa Rican passport, which authorities claimed was solid.
The Terra founder has spent practically three months behind bars, time that may rely in the direction of his four-month sentence, in keeping with an announcement from a court docket in Podgorica, Montenegro’s capital metropolis.
Kwon tried to argue in court docket that he had acquired the Costa Rican passport by a reputable company and traveled everywhere in the world with it, in keeping with the Korean information outlet Segye Ilbo.
Says the Terra founder,
“I stuffed out all of the paperwork and acquired a Costa Rican passport by an company in Singapore advisable by a pal. I received my Belgian passport by one other company…
After I utilized for a Granada passport by the company, it was rejected, however once I utilized for a Costa Rica passport, there was no purpose to doubt as a result of the applying was accepted.”
The decide quizzed Kwon concerning the title of the company, although the Terra founder reportedly replied that he couldn’t recollect it.
“It’s in Chinese language, however I can’t keep in mind precisely.”
The comparatively quick jail sentence in Montenegro isn’t more likely to be the tip of Kwon’s authorized issues.
Authorities in the US and South Korea each need to extradite the disgraced crypto government, who’s dealing with a number of costs arising from the $40 billion crash of the Terra ecosystem and its stablecoin TerraUSD (UST).
Kwon claimed on Twitter in February that he’d “stolen no cash and by no means had ‘secret cashouts.’” He additionally stated he was “joyful to deal with any particular allegations” – although it stays unclear if he’s ever addressed the allegations in any public discussion board.
Dan Sunghan, the director of the monetary crime investigation bureau on the Seoul Southern District Prosecution Service, tells Bloomberg that Kwon may serve greater than 4 a long time behind bars.
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