In an ongoing legal saga, a Montenegro court has once again authorized the extradition of Do Kwon, the co-founder of Terraform Labs, according to reports from South Korean media outlet YNA. This latest decision follows a previous ruling by Montenegro's Supreme Court, which had nullified an earlier extradition order for Kwon to return to South Korea due to procedural missteps, underscoring the need for a comprehensive case review.

The Supreme Court of Montenegro clarified that the ultimate decision on Kwon's extradition lies within the purview of Justice Minister Andrei Milovic, contrary to the belief that it rested with the Podgorica Court, which primarily ensures adherence to extradition standards. Subsequent to a retrial, the Podgorica High Court has affirmed the legal prerequisites for either extraditing Kwon to South Korea or the United States.

Now, the pivotal choice of Kwon's deportation destination rests squarely on Milovic's shoulders, who appears inclined towards sending him to the United States, a decision that contrasts with Kwon's preference of returning to South Korea. As of present, Milovic has refrained from public disclosure regarding his impending decision. Kwon's turbulent journey began in 2022 when his firm's stablecoin, UST, crumbled, precipitating substantial losses within the crypto market. Accusations of fraud ensued, triggering legal repercussions across various jurisdictions, including the United States and South Korea.

Having been in Montenegrin custody since his apprehension for alleged illicit use of falsified travel documents, Kwon finds himself entangled in a legal web. Recently, a Manhattan jury delivered a verdict, finding Kwon and Terraform Labs guilty of deceiving investors during the TerraLUNA fallout, with Terraform Labs indicating plans to contest the judgment as part of their legal strategy. The unfolding events foreshadow an intricate legal process as Kwon's fate hangs in the balance, contingent upon the forthcoming decision of Justice Minister Milovic regarding his extradition destination.