Do Kwon, the co-founder of Terraform Labs involved in fraud allegations, has been released from custody in Montenegro. The Supreme Court is currently evaluating extradition requests from the United States and South Korea. Do Kwon's release was reported by Bloomberg on March 23, following a suspension of a lower court's decision to extradite him to South Korea. Kwon's release follows the Terra collapse in 2022, which caused a $60 billion loss in the crypto market. Facing fraud charges in both South Korea and the U.S., Kwon was set free as his sentence for possessing forged documents came to an end. Prison officials confirmed his release, stating that his regular prison term finished, and he will be taken for an interview by the police directorate for foreigners. The Supreme Court's Council is now considering whether to extradite Kwon to South Korea, where the penalties are less severe compared to the U.S. In the U.S., he could face eight felony charges related to the dramatic implosion of TerraUSD in 2022. Kwon's legal representative confirmed his release, mentioning that his passport was confiscated to prevent him from leaving Montenegro. He was relocated to a facility for foreigners, with plans to request legal permission for him to remain free until a decision on his extradition is made. The extradition process faced challenges due to the intervention of the chief prosecutor, who pointed out procedural flaws favoring South Korea. With no clear timetable for the court's decision, Kwon's future is uncertain, with serious charges awaiting him in the U.S. The extradition process continues, highlighting the legal complexities around high-profile crypto figures like Kwon.