Montenegro court overturns Terraform founder Do Kwon’s bail

A high court in Montenegro overrode a lower court’s previous decision that would have released Terraform Labs founder Do Kwon on bail.

Kwon will remain in jail until the Basic Court in Montenegro makes another decision in light of the latest decision by the high court, per Bloomberg, which cited a court spokesperson.

The high court ruling comes nearly two weeks after Montenegro’s Basic Court agreed to release detained Kwon and his former colleague Chang-joon Han on bail.