Montenegro Court Rejects Extradition Order For Crypto Tycoon

Seoul and Washington have been seeking the extradition of South Korean crypto entrepreneur Do Kwon for his suspected role in fraud linked to the dramatic collapse of his company, Terraform Labs, which wiped out about $40 billion of investors' money and shook global crypto markets. (Credit: AFP)

A Montenegro appeals court on Friday reversed an order to extradite cryptocurrency entrepreneur Do Kwon to South Korea -- where he is wanted over the multi-billion-dollar collapse of the Terraform Labs company.

For months, Seoul and Washington have been seeking the South Korean's extradition for his suspected role in fraud linked to his company's dramatic collapse, which wiped out about $40 billion of investors' money and shook global crypto markets.