- Advertisement -
A Montenegro court has sentenced South Korean cryptocurrency tycoon Do Kwon to 4 months in prison for using fake passports.
Do Kwon was charged in the US with a multi-million dollar fraud, as was a close ally, local newspaper Vijesti reported.
Do Kwon is the former CEO of South Korea-based Terraform Labs, the company behind the stablecoin TerraUSD, which crashed in May 2022, disrupting cryptocurrency markets.
He was arrested in March along with Han Chang-joon, , former chief financial officer of Terraform Labs, as they tried to board a flight to Dubai at the airport in Podgorica, the capital of Montenegro, and charged with forging official documents.
READ ALSO
Previous Articles:
- Binance US and SEC Reach Groundbreaking Agreement to Safeguard Customer Funds Amid Lawsuit
- Billionaire Mike Novogratz Believes BlackRock’s Bitcoin ETF Application Holds Great Promise for the Crypto Market
- What Is Binance Earn?
- What Is APY In Crypto Staking?
- The Funerary Mask of Tutankhamun Licensed NFTs To Release In 3D and Augmented Reality on ElmonX
