Montenegro appeals court halts Terraform Labs co-founder Do Kwon's extradition to the US for fraud charges due to procedural issues.

An appeals court in Montenegro has overturned a previous ruling that sought to extradite Terraform Labs co-founder Do Kwon to the United States for fraud charges. The court cited procedural issues over who filed the extradition request first between the U.S. and South Korea. Both countries have requested Kwon's extradition in relation to the $40 billion crash of Terraform Labs' cryptocurrency. The final decision on Kwon's extradition remains uncertain.