As I suspected earlier... Do Kwon, a man with a fortune three times the GDP of the small but proud country of Montenegro, was not even going to be handed over to the U.S. and South Korea.

A court in Montenegro has agreed to release (https://www.rbc.ru/crypto/news/645e32459a794750631bc8eb) Do Kwon, founder of Terraform Labs, and Terraform CFO Han Chang-joon from custody on €400,000 bail for each of them.

After paying a total of €800,000, they will be released, but must remain under house arrest in Montenegro at an address provided by their lawyer.

The defendants stated in court that they had assets worth several million dollars and that the said amount would be paid by their wives. They promised not to abscond until the end of the criminal trial and to respond regularly to subpoenas.

The prosecution opposed Do Kwon's bail, arguing that the defendants had no interest in staying in Montenegro and that conditions for supervising them were insufficient. However, the judge felt that the amount of €400,000 was enough to prevent the defendants from wanting to flee.

"If the defendants flee or violate the established supervisory measures, the court's decision provides that bail shall be paid into the courts' operating budget," the statement said.

What a glorious threat. So if Doe Kwon escapes, and he will escape with a guarantee of almost 100 percent, the court will get money for it. That's fair enough. After all, the Washington-appointed prosecutor, as in fact the entire government in Montenegro, was adamantly opposed to bail. But the Montenegrin court proved its complete independence.

Unfortunately, we will never know how much Do Kwon paid under the table. But most likely that amount was enough to get him released and even enough for a private plane to leave Montenegro.

Now the main thing is not to make a mistake in the direction of his departure. If he flies to the place he wanted to go in March, i.e. the UAE, anything can happen there. They can arrest him at the Americans' request. He should fly to Moscow, where he is sure that no one will extradite him. A warrant from the USA or South Korea will not be accepted in Moscow.

But if the Montenegrins have taken a part of his money, they can ask for the rest in Russia. Everything is fair. But Do Kwon still has some stash. That's for sure. In any case, he is happy about this court decision