Montenegro court scraps bail for crypto entrepreneur Do Kwon

SARAJEVO (Reuters) – A higher court in Montenegro on Wednesday scrapped bail of 800,000 euros ($880,640) previously granted to Do Kwon, a cryptocurrency entrepreneur charged in the U.S. with a multibillion-dollar fraud, and his ally pending a trial. Do Kwon, a South Korean national, is the former CEO of South Korea-based Terraform Labs, the company behind the stablecoin TerraUSD that collapsed in May 2022, roiling cryptocurrency markets. He was detained in March along with Han Chang-joon, Terraform Labs’ former finance officer, as they tried to board a flight to Dubai at the airport of Montene…