Founder of Terraform Labs Released from Prison What Does This Mean for Cryptocurrency
Do Kwon the founder of Terraform Labs has been released from prison in Montenegro on bail He was arrested in February on charges of fraud and money laundering related to his company s controversial stablecoin project Kwon s bail was set at 2 million and he is required to surrender his passport and remain in the country until the trial concludes Prosecutors had argued that Kwon posed a flight risk due to his access to large amounts of cryptocurrency The release comes as a civil…
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