Terraform Labs founder, Do Kwon, has been sentenced to four months in prison by a Montenegrin court for the use of a fake passport. His colleague and former Terraform Labs CFO, Han Chong-joon, received the same prison sentence. The Montenegrin Lower Court , in a statement on its website, noted that the duration of their detention would be taken into account.
Kwon allegedly attempted to leave the country using a counterfeit Costa Rican passport. During the court proceedings, he claimed to be unaware of the passport's forgery and instead placed blame on a Chinese-language institution. According to a report by South Korean news outlet SegyeIlbo , Kwon stated in court that he had obtained the forged passports and travel documents, including the Costa Rican passport, through a third-party "agency."
Kwon argued that he had been using the Costa Rican passport for an extended period and had no reason to doubt its authenticity. Alongside refuting the accusations of falsified travel documents, Kwon denied any financial contributions to Montenegro's former finance minister , Milojko Spajić, who currently leads the European Party.
In summary, Do Kwon, the founder of Terraform Labs, and his former CFO, Han Chong-joon, have been sentenced to four months in prison by a Montenegrin court for their involvement with a counterfeit passport. Kwon claimed ignorance of the passport's forgery, attributing responsibility to a Chinese-language institution. He also denied allegations of financial contributions to Montenegro's former finance minister.
Summary
Terraform Labs founder Do Kwon and former CFO Han Chong-joon have been sentenced to four months in prison by a Montenegrin court for using a fake passport. Kwon denied knowledge of the forgery and placed blame on a Chinese-language institution. He also refused allegations of financial contributions to Montenegro's former finance minister. The court took into account the duration of their detention during the sentencing.
