On Monday, a court in Montenegro sentenced disgraced Terra (LUNA) founder Do Kwon to four months in prison for attempting to travel with a forged passport.
Kwon was first arrested in late March after attempting to board a flight to the United Arab Emirates (UAE) with a Costa Rican passport, which authorities claimed was forged.
The founder of Terra has spent nearly three months behind bars, time counting towards his four-month prison sentence, according to an announcement from a court in Montenegro’s capital Podgorica.
According to Korean news outlet Segye Ilbo, Kwon tried to argue in court that he obtained the Costa Rican passport through a legitimate agency and traveled the world with it.
Says the founder of Terra,
“I filled out all the documents and got a Costa Rican passport through an agency in Singapore recommended by a friend. I got my Belgian passport through another agency…
When I applied for a Granada passport through the agency, it was rejected, but when I applied for a Costa Rica passport, there was no reason to doubt, because the application was accepted.”
The judge questioned Kwon about the agency’s name, though Terra’s founder reportedly replied that he couldn’t remember.
“It’s in Chinese, but I can’t remember exactly.”
Montenegro’s relatively short jail term is unlikely to be the end of Kwon’s legal concerns.
Authorities in the United States and South Korea both want to extradite the disgraced crypto executive, who faces multiple charges over the $40 billion crash of the Terra ecosystem and its stablecoin TerraUSD (UST).
kwon claimed on Twitter in February that he had “stolen no money and never had ‘secret payouts’.”
Dan Sunghan, the director of the Financial Crimes Investigation Bureau at Seoul’s Southern District Prosecutor’s Office, tells Bloomberg that Kwon could be behind bars for more than four decades.
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