Attorneys for Terraform Labs founder Do Kwon have proposed he be let off on supervised bail as he faces charges in Montenegro for attempting to travel with falsified documents.
The defendants denied committing a crime, and presented their defense at a court hearing held on Thursday in the country's capital Podgorica.
"Instead of detention, the defendant's lawyer suggested that bail and supervision measures be imposed, prohibiting them from leaving the apartment and periodically reporting to a certain state authority," a notice on the outcome of the hearing said.
Lawyers for the two Korean nationals – who remain in custody – proposed bail at 400,000 euros ($437,000) each. The court has said it will decide on the proposal, and the next trial date is set for June 16.
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