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Co-founder of Terraform Labs, Do Kwon, has been sentenced to four months in prison by a court in Montenegro for his involvement in traveling with a counterfeit passport.
Han Chang-joon, who served as Chief Financial Officer (CFO) of Terraform Labs, was also found guilty of the same offense and received a four-month prison sentence.
Both of them were allegedly found with fake Costa Rican and Belgian passports when arrested in March.
According to the court, the duration of their sentences would consider the time they spent in custody.