US Judge Grants SEC’s Motion to Interrogate Terra Labs Co-founder Daniel Shin
Kwon was arrested in Montenegro while attempting to travel to Dubai using forged documents in March this year.
Kwon was arrested in Montenegro while attempting to travel to Dubai using forged documents in March this year.
CEO Amani said it "makes sense" that Terraform Labs continues its operations without Do Kwon.
The funds supposedly belonged to Do Kwon, Chang-joon Han, Nicholas Platias, and TFL corporation.
Previously, Kwon claimed that he had no idea the passport he carried when caught was fake.
He also asserted that the person he was caught with was innocent.
There could be some relief for the Korean developer, though, as his lawyers tried to drop charges filed by the
Kwon or "someone under his direction" purportedly moved almost $30 million in crypto after the arrest in Montenegro and cashed
Kwon and Joon will be placed under house arrest and monitored by the police.
Do Kwon remains in jail, and the lower court will be forced to make another decision on his bail ruling.Â
Montenegrin prosecutors stand on Kwon's way to get released from detention.