Do Kwon has reportedly won release again, with bail set at 400,000 euros. A Montenegrin court granted him bail until his next hearing on June 16. The developments set off a flurry of fevered online commentary. Speculation and online theories go so far as to link Kwon’s bail to the SEC’s new charges against Binance. But such rumors lack credibility.
The former fugitive’s legal saga has taken many twists and turns. This marks the second time in as many weeks that we’ve heard the news.
Do Kwon Gets a Break
On May 24, the Higher Court in Podgorica canceled the initial decision of a lower court that accepted a bail of 400,000 euros ($468,000) each for the two defendants, Do Kwon and Han Chang-joon. The latter is Kwon’s former chief financial officer.
Now the authorities have reached a new decision, allowing the same bail amount and ordering the defendants to stay inside an apartment with police monitoring. If the duo break…
