Montenegro has granted approval to the bail terms proposed by lawyers for Terra founder Do Kwon, who was charged with the criminal offense of document forgery under Montenegrin law.
According to the official document released by local authorities on May 12, the court has accepted the proposed bail offer for Kwon and Han Chang-Joon — Terraform Labs’ chief financial officer — of 400,000 euros ($436,000) each. This is in addition to being put under house arrest instead of being taken into custody.