•Do Kwon, the founder of Terra (LUNA), was sentenced to four months in prison by a Montenegro court for attempting to travel with a forged passport.
•Kwon argued that he had acquired the Costa Rican passport through a legitimate agency and traveled all over the world with it.
•Authorities in the US and South Korea are still looking to extradite Kwon, who could face more than four decades behind bars.
Disgraced Terra (LUNA) Founder Do Kwon Sentenced
A Montenegro court sentenced the disgraced Terra ( LUNA ) founder Do Kwon to four months in prison for attempting to travel with a forged passport on Monday. The sentence is likely not the end of his legal troubles, as authorities in both the United States and South Korea are seeking extradition for further charges related to the $40 billion crash of the Terra ecosystem and its stablecoin TerraUSD ( UST ).
Arrest & Court Appearance
Kwon was first arrested in late March after trying to board a flight to the United Arab Emirates (UAE) with a Costa Rican passport, which authorities claimed was forged. During his court appearance, Kwon attempted to argue that he had acquired the passport through a legitimate agency and traveled all over the world with it. He also stated that he couldn’t remember exactly which Chinese agency issued him said passport as it would have been a while back.
Sentence & Extradition Requests
The judge handed down a relatively short prison sentence given current circumstances, though this isn’t likely to be the end of Kwon’s legal worries as both US and South Korean authorities are looking into extraditing him. If they do so successfully, Kwon could potentially face more than four decades behind bars according to Dan Sunghan, director of financial crime investigation bureau at Seoul Southern District Prosecution Service.
Previous Claims From Kwon
In February this year, Kwn tweeted out that he hadn’t “stolen any money or never had ‘secret cashouts” though whether these claims were addressed during any public forum remains unclear at this point in time.
Conclusion
Do Kwons case serves as yet another reminder for those looking into investing into cryptocurrencies or crypto-related projects – always ensure you conduct your due diligence beforehand!