Fugitive cryptocurrency chief Do Kwon, the entrepreneur sought by the US and South Korea in connection with a $40bn crash, was sentenced to four months in prison by a court in Montenegro. The 31-year-old South Korean national and Terraform Labs founder was found guilty of attempting to travel with a forged passport. He was arrested by the Montenegrin police in March as he tried to board a flight to Dubai at Podgorica Airport. Han Chang-joon, the former chief financial officer of Terraform Labs, was convicted of the same crime and handed a four-month sentence. The two were charged with forging official documents and placed in 30-day pre-trial detention. Police said they recovered doctored Costa Rican passports and a separate set of Belgian passports. Kwon and Chang-joon had pleaded not guilty at their first court hearing in May. The crypto boss reportedly told the court last week that he obtained the documents in Singapore through an agency selling citizenships of various countries and believed the passports to be genuine. Time spent in detention is included in the prison terms, and the pair can appeal the verdict, the Basic Court in Podgorica said. “Once we receive the verdict in writing, we will consult with our clients about possible appeal,” defence lawyer Goran Rodic told Bloomberg. The court has up to 30 days to officially notify the defence as well as the prosecutor’s office, the lawyer added. Both South Korea and the US have requested his extradition from Montenegro, while the courts in the country are yet to decide on those requests in separate proceedings. Kwon and five others connected to Terraform Labs are wanted due to allegations of fraud and financial crimes in relation to the implosion of its digital currencies in May 2022. The TerraUSD was designed as a “stablecoin", which are pegged to stable assets like the US dollar to prevent drastic fluctuations in prices. However, around $40bn in market value was erased for the holders of TerraUSD and its floating sister currency, Luna, after the stablecoin plunged far below its $1 peg in May. South Korea asked Interpol in September to circulate a “red notice” for Kwon across the agency’s 195 member nations to find and apprehend him. US regulators in February charged Kwon and his company Terraform Labs with “orchestrating a multi-billion dollar crypto asset securities fraud”. Read More Crackdown on firms marketing cryptoassets to be introduced by City regulator Singapore punishes state fund managers who invested in FTX Police: Crypto firm founder Do Kwon arrested in Montenegro North Korea ‘bitterly criticised’ officials for failed spy satellite launch Families in North Korea ‘starving to death’ due to lack of supplies – report MeToo: Taiwan rocked by wave of sexual harassment allegations sparked by Netflix show

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Could we have aliens to thank for preventing a nuclear war on Earth? That’s what one former Nasa astronaut has claimed. Edgar Mitchell, who was involved in the Apollo 14 mission, gained a reputation for sharing conspiracy theories when he arrived back from the moon in 1971. Mitchell was the sixth man on the moon and was the Lunar Module Pilot on Apollo 14. Before his death in 2016, Mitchell spoke at length claiming that aliens visited Earth. Speaking to the Mirror, he alleged that aliens were responsible for preventing nuclear war between the US and the Soviets at the height of Cold War tensions. Sign up to our free Indy100 weekly newsletter At the time, Mitchell focused on the White Sands Missile Range facility in New Mexico. “White Sands was a testing ground for atomic weapons – and that's what the extraterrestrials were interested in,” he said. "They wanted to know about our military capabilities. My own experience talking to people has made it clear the ETs had been attempting to keep us from going to war and help create peace on Earth." White Sands Missile Range is where the first atomic bomb was tested in 1945, and Mitchell claimed that officers there had told him aliens had shot down missiles flying over the site. The claims were, as you’d expect, disputed. UFO expert Nigel Watson told IFL Science at the time: "To me, this is just another case of UFO fantasy and speculation. When you try getting to the facts it is like trying to herd cats." Meanwhile, a UFO conspiracy theorist recently described the south pole as an “air traffic control” hub for aliens. A recent discussion centred on the Amundsen–Scott South Pole, which Eric Hecker claimed communicated with “exotic” crafts by sending neutrino rays up into space. Hecker went further by talking about “digital optical modules” buried a mile beneath the surface under the ice. He claims they were buried in order to detect neutrino interactions while being deep enough not to interfere with radiation readings. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

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