Terra's Do Kwon Remains in Jail as Prosecutors Appealed Ruling
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Disgraced crypto entrepreneur behind the troubled Terra ecosystem, Do Kwon, remains in jail after prosecutors appealed an earlier ruling, Bloomberg reports, citing court spokeswoman Marija Rakovic.

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According to the report, the high court in Podgorica overturned the earlier decision. Besides Kwon, ex-Terraform Labs CFO, Han Chong-joon, also remains in jail. Rakovic added the Basic court "should now make another decision, taking into account what the High Court ruled."

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The decision comes just a few weeks after reports said Kwon and Chang-joon were released on bail set at $436,000 per person. Kwon and Chang-joon reportedly also promised they would not hide until the end of the criminal proceedings and will regularly respond to court summons.

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