Montenegro Court Says Terra Founder Do Kwon Should Remain in Jail
Do Kwon has pleaded not guilty to charges he faked passports and tried to leave Montenegro. He’s facing even more serious charges in both the U.S. and South Korea.Photo: Risto Bozovic (AP)It turns out that Do Kwon, the man whose Terra stablecoin led to a $40 billion loss in the crypto industry, won’t get out of jail for a few hundred thousand dollars. On Wednesday, a Montenegrin court nixed an earlier deal to give Kwon bail, meaning the man will have to remain in jail while awaiting trial over allegations he tried to skip…