Terraform Labs CEO Do Kwon’s request to stay out of jail until his trial for allegedly using a forged passport was denied on Wednesday by a court in Montenegro.
A lower court had previously granted the creator of algorithmic stablecoin TerraUSD and his former chief financial officer, Han Chang-joon, a bail of 400,000 euros, or about $435,000, to stay under house arrest with police supervision until the trial.
