Crypto entrepreneur Do Kwon gets four-month sentence in Montenegro

South Korean cryptocurrency entrepreneur, co-founder of Terraform Labs (Terra Luna), Do Kwon (centre), is taken to court in Podgorica on June 16, 2023, following his arrest on March 24 at the Montenegrin capital's international airport. Montenegro charged Do Kwon with forgery for attempting to travel with falsified documents at Podgorica airport. — AFP

Terraform Labs co-founder Do Kwon, the crypto entrepreneur who’s sought by the US and South Korea on fraud charges, was sentenced to four months in prison by a Montenegrin court for attempting to travel with a forged passport.

Han Chang-joon, who was Terraform Labs’s chief financial officer, was convicted of the same crime and also received a four-month sentence, the Basic Court in Podgorica said in an email on Monday. Time already spent in detention is included in the prison terms, and the two can appeal the verdict, the court said.