Terraform Labs co-founder Do Kwon and former chief monetary officer Han Chong-joon is not going to be launched on bail in Montenegro after prosecutors appealed the choice, Bloomberg reported on Could 24. The pair have been arrested in March after attempting to depart the nation utilizing falsified paperwork.
The fugitive crypto executives have been granted launch to deal with arrest on 400,000 euros ($435,000) bail every by the Primary Courtroom within the Montenegrin capital Podgorica on Could 12. The bail phrases have been proposed by their protection group. Prosecutors appealed the ruling to the Excessive Courtroom the next week.
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