The Montenegrin court extends Do Kwon's detention period in Montenegro

ChainCatcher news, the Montenegrin court has extended the detention period of Terraform Labs co-founder Do Kwon in Montenegro. The court stated that it will re-examine the case based on the termination reasons presented by the higher court, and then make a decision on the defendant's bail acceptance according to the defense attorney's suggestions. Do Kwon and former Terra CEO Han Chang-joon will appear in court for the next hearing on June 16.

Previous news, Do Kwon was released on bail after being granted a bail amount of 400,000 euros on May 12, but on May 24, the High Court in Montenegro's capital Podgorica revoked the ruling that allowed Do Kwon to be released on bail. (Source link)