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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 cast passport.
Kwon was first arrested in late March after making an attempt to board a flight to the United Arab Emirates (UAE) with a Costa Rican passport, which authorities claimed was cast.
The Terra founder has spent practically three months behind bars, time that can rely in direction of his four-month sentence, in line 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 via a professional company and traveled everywhere in the world with it, in line with the Korean information outlet Segye Ilbo.
Says the Terra founder,
“I crammed out all of the paperwork and obtained a Costa Rican passport via an company in Singapore really helpful by a buddy. I bought my Belgian passport via one other company…
Once I utilized for a Granada passport via the company, it was rejected, however once I utilized for a Costa Rica passport, there was no motive to doubt as a result of the applying was accepted.”
The choose 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 prone to be the tip of Kwon’s authorized issues.
Authorities in america and South Korea each need to extradite the disgraced crypto govt, who’s going through 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 “glad to handle 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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