Do Kwon Receives 4 Month Jail Sentence in Montenegro: Crypto King Convicted of Forgery

The downfall of Do Kwon, the former CEO and co-founder of Terraform Labs, continues as he receives a four-month jail sentence in Montenegro. This follows a conviction for document forgery after a court in Montenegro Monday convicted disgraced “crypto king” Do Kwon for using forged Costa Rican passports in March to try and leave the Balkan nation.

Terra’s boss has received a four-month jail sentence from a Montenegrin court after being convicted of document forgery. The court in the capital city of Podgorica ruled against Kwon Do-hyeong, also known as Do Kwon, the disgraced former crypto boss who is wanted in the United States and South Korea on fraud and other charges.

A court in Montenegro has sentenced Do Kwon, the fugitive former CEO and co-founder of cryptocurrency company Terraform Labs, and his business partner to four months in prison for using forged travel documents. The sentence marks another chapter in the legal saga surrounding the man at the center of the Terra/Luna crypto crash.

This conviction and subsequent jail sentence add complexity to the extradition requests from both the United States and South Korea, where Kwon faces potentially more severe charges related to the collapse of TerraUSD (UST) and Luna. The legal proceedings in Montenegro will undoubtedly influence the future of Do Kwon and the efforts to bring him to justice for the billions lost by investors. Stay tuned for further updates on this developing story.