'Cryptocurrency King' Sentenced To Four Months In Jail In Montenegro For Fake Passport

A court in Montenegro has sentenced Do Kwon, the fugitive former CEO and co-founder of cryptocurrency company Terraform Labs, and his business partner to four months in jail for using forged documents. The Basic Court in Podgorica said on June 19 that Do Kwon will remain in custody as both South Korea and United States have requested his extradition. He is accused of fraud over his company's $40 billion collapse. Do Kwon said in his defense that he did not know the document he was using to travel -- a Costa Rican passport he applied for while in Singapore -- was forged. To see the original story by RFE/RL's Balkan Service, click here.