Terraform Labs co-founder Do Kwon and former CFO Han Chong-joon won’t be launched on bail in Montenegro after prosecutors attraction the choice, Bloomberg reported Might 24. Each males had been arrested in March after trying to go away the nation utilizing cast paperwork.

Fugitive crypto executives had been granted launch to deal with arrest bail of 400,000 euros ($435,000) every by the Magistrates’ Courtroom in Podgorica, the Montenegrin capital, on Might 12. The situations of the deposit had been provided by their protection crew. Prosecutors appealed the judgment to the Excessive Courtroom the next week.

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