South Korean Crypto Magnate Do Kwon Released in Montenegro Amid Extradition Battle

Do Kwon, the co-founder of Terraform Labs embroiled in allegations of fraud, has been released from Montenegrin custody. His freedom comes as the Supreme Court weighs the merits of extradition requests from both the United States and South Korea. Bloomberg reported his release on March 23, following a suspension by the Supreme Court of a lower court’s decision to extradite Kwon to South Korea. This legal drama unfolds against the backdrop of the Terra collapse in 2022, which erased about $60 billion from the crypto market. Kwon, facing fraud charges in both South Korea and the U.S., was released from