Do Kwon is out

Photo by Alexandre Debiève on Unsplash

Do Kwon, the former Terra Lab Founder, was out of jail after he paid €400,000, a court in Montenegro ruled today.

He still subjected to house arrest and cannot leave the country until the end of the criminal prosecution.

“Apart from an apartment in Seoul worth $3 million, I don’t own any other property. Most of the money I have is of fluctuating value, that is, in the form of ownership shares in companies that are not listed on the stock market and whose value is not available to the public,”

Do Kwon told the judge…

But his bank account information disagreed with more than $100 million in fiat has been withdrawn from the Swiss bank.

Korean authority has frozen his assets worth about $176M.

But he probably owed investors around $2B…