• Terra (LUNA) Founder Do Kwon was sentenced to four months in prison by Montenegro court for attempted travel with a forged passport.
• Kwon claims he acquired the Costa Rican passport through a legitimate agency and traveled all over the world with it.
• He is also facing charges from the US and South Korea related to $40 billion crash of the Terra ecosystem and its stablecoin TerraUSD (UST).
Disgraced Terra (LUNA) Founder Sentenced to Four Months in Prison
On Monday, a Montenegro court sentenced the disgraced Terra (LUNA) founder Do Kwon to four months in prison for attempting to travel with a forged passport. The Terra founder has spent nearly three months behind bars, time that will count towards his four-month sentence, according to an announcement from a court in Podgorica, Montenegro’s capital city.
Kwon’s Argument
Kwon attempted to argue in court that he had acquired the Costa Rican passport through a legitimate agency and traveled all over the world with it. He said “I filled out all the documents and received 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 quizzed Kwon about the name of the agency though he replied that he couldn’t recall it.
Further Legal Consequences
The relatively short prison sentence in Montenegro isn’t likely to be the end of Kwon’s legal concerns as authorities in both United States and South Korea want him extradited on multiple charges arising from $40 billion crash of Terra ecosystem and its stablecoin TerraUSD (UST). On Twitter however, Kwon claimed that he had stolen no money or had any secret cashouts.
Sentence Could Be Lengthier
Dan Sunghan, director of financial crime investigation bureau at Seoul Southern District Prosecution Service tells Bloomberg that Kwon could serve more than four decades behind bars if convicted on other charges.
Conclusion
Do Kwon is currently serving his four-month sentence after being arrested while trying to board flight out of Montenegro using forged passports. However this might not be enough as authorities from two countries are looking into extraditing him on multiple charges linked with $40 billion crash of Terra ecosystem and its stablecoin TeraUSD (UST).