On Monday, a Montenegro courtroom 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 attempting 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 may rely in direction of his four-month sentence, in keeping with an announcement from a courtroom in Podgorica, Montenegro’s capital metropolis.
Kwon tried to argue in courtroom that he had acquired the Costa Rican passport by means of a legit company and traveled all around 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 obtained a Costa Rican passport by means of an company in Singapore advisable by a good friend. I acquired my Belgian passport by means of one other company…
After I utilized for a Granada passport by means of the company, it was rejected, however after I utilized for a Costa Rica passport, there was no purpose to doubt as a result of the appliance was accepted.”
The decide quizzed Kwon in regards to 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 considerations.
Authorities in the USA and South Korea each wish to extradite the disgraced crypto govt, who’s dealing with a number of prices 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 mentioned he was “completely happy 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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