Overview

• Do Kwon, Terraform Labs founder, wins appeal against extradition to the US, marking his third successful appeal in Montenegro.
• The Montenegro Court of Appeals cited significant procedural issues and legal errors in the extradition process.
• Kwon faces charges in the US and South Korea related to the $40 billion collapse of Terraform Labs' cryptocurrency.
• Despite the appeal victories, Kwon is currently serving a four-month sentence in Montenegro for using a fake passport.
• The case will return to Montenegro's lower courts for reconsideration, with no limit on the number of times it can be retried.