The terraform labs founder was arrested for allegedly falsifying travel documents. Kwon's lawyer said he can stay at his girlfriend's apartment during a trial.
Kwon’s defense council offered a unique means of keeping the ever-AWOL Kwon from fleeing the country. According to, Andjelic’s offered that the two defendants would be confined under house arrest in his girlfriend’s apartment and have to regularly report to the authorities.
“Instead of detention, the defendant’s lawyer proposed that bail and supervision measures be imposed, prohibiting them from leaving the apartment and occasionally reporting to a certain state authority,” the news statement reads.While state prosecutors objected to offering bail, the Montenegrin court Judge Ivana Becic still has to offer her ruling on the defense’s proposal. The next hearing date is set for June 16.
Kwon is the mind behind the Terra/Luna crypto ecosystem, all organized around the algorithmically stabilized stablecoin. Once that coin became depegged from the U.S. dollar, it
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