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Fortune

Marco Quiroz-Gutierrez

Disgraced Terra cofounder Do Kwon pleads not guilty after he's arrested in Montenegro holding 3 different passports

Do Kwon Terra Montenegro Interpol Terraform Labs

Do Kwon is taken to court in Podgorica on May 11, 2023, following his arrest on March 24. (Credit: Savo Prelevic—AFP via Getty Images)

Do Kwon, cofounder of the failed algorithmic stablecoin Terra, pleaded not guilty in a Montenegrin court on Thursday after he was charged there with attempting to use forged travel documents.

In March, Kwon was arrested at the airport in Montenegro’s capital of Podgorica along with Terraform Labs CFO Han Chang-joon—who also pleaded not guilty—as they tried to board a private jet to fly to Dubai.

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