The co-founder of Terraform Labs Pte. faces potential extradition to the US after Montenegro's Supreme Court overturned a previous decision against extraditing him to South Korea. The justice minister will decide his destination, considering extradition conditions. Montenegro's chief prosecutor contested extradition to South Korea, leading to a legal evaluation by the High Court in Podgorica. Despite Kwon's legal team's preference for South Korea, Montenegro's government leans towards the US. The US Department of Justice is persistent in seeking his extradition according to bilateral agreements and laws. Kwon, previously arrested for using a counterfeit passport in Montenegro, awaits extradition resolution at a foreign national facility following release from custody after his sentence.

Fraud Verdict Against Terraform Labs and Do Kwon in SEC Trial

Terraform Labs Pte. and its co-founder were found liable for fraud in the US following the firm's collapse in 2022. A New York jury's decision after a two-week trial favored the US Securities and Exchange Commission. This outcome may foreshadow criminal proceedings against Kwon in the US and South Korea.