Montenegro's court has once again greenlit the extradition of Do Kwon, co-founder of Terraform Labs, as reported by South Korean media outlet YNA.

This decision comes shortly after Montenegro's Supreme Court nullified a prior ruling for Kwon's extradition to South Korea, citing procedural errors and demanding a thorough review of the case.

The Supreme Court clarified that the final destination determination lies with Justice Minister Andrei Milovic, rather than the Podgorica Court, which only verifies compliance with extradition standards. In the retrial, the Podgorica High Court confirmed the legal prerequisites for Kwon's extradition to either South Korea or the United States.

Kwon's deportation destination now rests with Milovic, who leans towards sending him to the US, while Kwon desires to return to South Korea. Milovic has yet to disclose his decision publicly. Kwon became a fugitive in 2022 after his company's stablecoin, UST, collapsed, causing massive crypto market losses. Allegations of fraud ensued, leading to legal actions in multiple countries, including the US and South Korea.

Kwon has been in Montenegrin custody since his arrest for attempting to use counterfeit travel documents. Recently, a Manhattan jury found Kwon and Terraform Labs guilty of defrauding investors during the TerraLUNA collapse, with Terraform Labs planning to challenge the verdict.