Terraform Labs founder Du Kwon has been found guilty of using a false passport by a court in Montenegro and sentenced to four months in prison.
Do Kwon’s associate and former chief financial officer of Terraform Labs, Han Chong-joon, was also charged with him and received the same sentence. Montenegro Basic Court said in a that both time spent in custody will be taken into account statement on its website.
Du Kwon was charged with attempting to leave the country using a false Costa Rican passport. He reportedly told a Montenegro court that he had no idea the passport he was traveling with was allegedly forged and instead pinned the blame on a Chinese-designated agency.
RELATED: Du Kwon denies fake passport in passport, blames ‘Chinese’ agency: report
According to a June 17 report by South Korean news outlet Sega Ilbo, Kwon told the Montenegrin Basic Court that he obtained his travel documents, including his allegedly forged passport and Costa Rican passport, through third-party “agencies”.
According to Kwon, because he had been traveling with his Costa Rican passport “for years”, he had no reason to doubt its authenticity.
In addition to denying forgery of travel documents, Quan denied allegations that he made any financial donations to Montenegro’s former finance minister, Miloško Spajić, now leader of the Europe Now party.











