Do Kwon, the former CEO and co-founder of cryptocurrency company Terraform Labs, and his business partner have been released on bail in Montenegro, a court in Podgorica announced on May 12. They will be prohibited from leaving their apartment, which will be monitored by the police, the court said. Do Kwon and Hon Chang-joon were arrested on March 23 at the airport in Podgorica while trying to flee to Dubai with falsified documents. Do Kwon is accused of fraud over his company's $40 billion collapse. Both South Korea and United States have requested his extradition. To read the original story by RFE/RL’s Balkan Service, click here.
