A Montenegrin appeals court has upheld a ruling to extradite a South Korean mogul known as 'the cryptocurrency king' back to his native country, rejecting a bid to send him to the United States. The decision comes after a lengthy legal battle involving Do Kwon, the founder of Terraform Labs, who was arrested in Montenegro last year. Both South Korea and the U.S. had sought Kwon's extradition from Montenegro.
Over the past few months, Montenegrin courts have issued and overturned multiple rulings regarding Kwon's extradition to either the U.S. or South Korea. The Montenegrin Appeals Court confirmed on Thursday that its decision is final and legally binding. The timeline for Kwon's extradition remains unclear at this point.
