Do Kwon, the architect of the Terra crisis, was sentenced to 4 months in prison in Montenegro for a fake passport.
An ongoing trial in Montenegro of Terra founder Do Kwon has concluded. In the news that came to the fore in the morning, it was stated that Do Kwon was on trial for using fake passports and Kwon denied these allegations.
The court sentenced Do Kwon and his business partner, Čang Jun, to 4 months in prison for using fake passports in Montenegro.
Do Kwon Will Serve ‘4 Months’ in Prison
Terra founder Do Kwon has been jailed in Montenegro for irregularity in travel documents. Do Kwon and his business partner, Čang Jun, will serve 4 months in prison.
Known as the crypto king of the era, Kwon saw himself as Satoshi Nakamoto and regularly bought Bitcoin. Kwon, who supported the Terra project with Bitcoin, had a large supply of BTC. But with the collapse of the algorithmic stablecoin Terra USD, a massive Terra crisis erupted. This crisis has cost the crypto market $40 billion in damage.
Globally sought after and constantly changing country, Kwon was finally caught in Montenegro. Kwon, whose lawsuits were initiated and associated with the crypto crash, received an interesting prison sentence. Despite all the crypto collapse, Kwon was sentenced to 4 months in prison for using fake passports.
It is unknown what kind of outcome Kwon will face in the ongoing crypto-related processes.
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