Do Kwon, the embattled co-founder of Terraform Labs, has walked free from a Montenegrin prison, but his legal saga continues. While the Supreme Court mulls over extradition requests from the US and South Korea, Kwon finds himself in a state of limbo.

Kwon's release stems from completing his sentence for using fake documents. However, his freedom comes with restrictions. Montenegrin authorities confiscated his passport, effectively grounding him. This move aims to ensure his presence while the court decides his fate.

The extradition battle pits South Korea, Kwon's home country, against the United States. Both nations accuse Kwon of fraud related to the Terra Luna collapse, a cryptocurrency meltdown that caused billions in losses. South Korea offers potentially lighter penalties, but the US charges could land Kwon with heftier consequences.

Adding another layer of complexity, Montenegro's top prosecutor contested the initial ruling favoring South Korea's extradition request, citing procedural issues. This challenge extends the wait for a final decision, leaving both Kwon and the involved countries in a state of uncertainty.

Kwon's lawyer seeks to keep him out of jail while awaiting a final verdict. This further complicates the situation, with legal battles likely to continue both for his freedom and on the extradition front.

While Kwon may be out of prison, he remains far from free. The fight for his extradition, and potential trial, continues to unfold.