Do Kwon, the founder of Terraform Labs, has won his extradition appeal in Montenegro, marking a significant turn in the ongoing legal saga surrounding his role in the Terra ecosystem's collapse. The Appellate Court of Montenegro overturned a previous ruling for extradition

𝘐𝘯 𝘤𝘳𝘺𝘱𝘵𝘰𝘨𝘳𝘢𝘱𝘩𝘺, 𝘸𝘦 𝘵𝘳𝘶𝘴𝘵 𝘵𝘩𝘦 𝘮𝘢𝘵𝘩, 𝘯𝘰𝘵 𝘵𝘩𝘦 𝘮𝘺𝘵𝘩 

sending the case back to the initial court for a retrial. This decision delays, if not entirely cancels, Kwon's potential extradition to the U.S., where he faces fraud charges linked to Terra's downfall in mid-2022, which resulted in billions of dollars in investor losses.

Kwon had been arrested in Montenegro for possession of falsified official documents and is serving a four-month prison sentence while awaiting the final decision on his extradition. Both the U.S. and South Korean governments have requested his extradition due to his involvement in Terra's implosion

This development adds another layer to the complex legal challenges facing Kwon and highlights the intricate international legal dynamics at play in the cryptocurrency world.

The case's retrial stems from ambiguities in the order of extradition requests from the U.S. and South Korea, with Kwon's lawyer previously stating that local courts were under political pressure to expedite the extradition.