According to the latest news from Bloomberg, the High Court of the Republic of Montenegro (also known as Montenegro) revoked the bail application of Do Kwon, the co-founder of Terra Labs. Arrested by Montenegrin Customs.
The High Court in Podgorica, the capital of Montenegro, today (24th) rejected Do Kwon’s bail application. Court spokesperson Marija Rakovic said by phone that considering Do Kwon’s fear of fleeing after bail, he rejected his 400,000 bail application. Bail application for euros.
Previously, it was reported that South Korean prosecutors also expressed a strong desire to deny Do Kwon the possibility of bail to the Montenegrin authorities because of the fear of fleeing after bail.
