- South Korean crypto mogul Do Kwon released on €400,000 bail, will be under house arrest in Montenegro pending trial.
- He is also indicted in the US on eight counts of fraud and is targeted for extradition by South Korea.
- Kwon is the creator of the failed TerraUSD stablecoin, faces legal trouble in South Korea as well.
- Kwon and his companion Han Chang-joon were arrested in Montenegro in March for using false travel documents.
- They will be confined to their Podgorica apartment 24 hours a day except for weekly visits to police to confirm their presence.
Do Kwon to Be Released Into House Arrest
The crypto mogul, creator of the failed TerraUSD stablecoin, was arrested in Montenegro in March
Drew Hinshaw and Ale
