Posted 3/5/2024, 8:00:34 PM
Montenegro court overturns extradition of Terraform Labs founder Do Kwon, orders new proceedings
- Montenegro appeals court overturned ruling to extradite Terraform Labs founder Do Kwon to US
- Court ordered new proceedings over fraud charges related to $40B collapse of Terraform Labs' cryptocurrency
- Kwon was arrested in Montenegro last year on international warrant requested by US
- Appeals court quashed extradition ruling due to procedural issues and questions over who filed first - US or South Korea
- Court said significant violations were committed and returned case to lower court
