The co-founder of bankrupt Terraform Labs was first set to be extradited to the United States after lengthy court battles.
The High Court in Podgorica, Montenegro, has ruled that Terraform Labs co-founder and former CEO Do Kwon should be extradited to his native South Korea, rather than the United States, according to various media reports. The decision is still subject to appeal.
An appeals court overturned the High Court’s earlier decision to extradite Kwon to the United States on March 5, citing “significant violations of the provisions of criminal procedure.”
South Korea filed an extradition request in March 2023, which was initially refused in favor of the United States’ request filed two days prior. Kwon has been held in prison in Montenegro since his arrest at the Podgorica airport, where his was attempting to travel to Dubai using an allegedly fake Costa Rican passport.
