Do Kwon, the co-founder of failed Terraform Labs crypto project, was sentenced to 4 months in prison by a Montenegrin court for attempting to travel with a forged passport.
- Terraform Labs’ CFO Han Chang-joon was also convicted of the same crime and received a 4 month sentence.
- Time already spent in detention will be included in the prison terms and both men can appeal the verdict.
- Kwon and Han were arrested in Montenegro in March while trying to board a private jet to Dubai.
- Authorities acted on an international arrest warrant issued after the Terra crash that wiped out $40 billion in value.
- Prosecutors in South Korea and the US have charged Kwon with fraud.
- Both South Korea and the US are seeking Kwon’s extradition from Montenegro, which officials have said may be considered after local proceedings conclude.