The decision to release Kwon reportedly came from the Council of the Supreme Court, which is set to review a decision that could grant or deny extradition to his native South Korea.
South Korean crypto fugitive Do Kwon has been released from prison in Montenegro as the Supreme Court deliberates on extradition requests from the United States and South Korea.
According to a Bloomberg report, he was released on Saturday, March 23. The Supreme Court halted the extradition of the Terraform Labs co-founder to South Korea, suspending a lower court’s ruling.
The Terra founder Kwon is currently facing fraud allegations in both South Korea and the U.S. stemming from the Terra Luna collapse, which resulted in the loss of approximately $60 billion in market value in 2022. The prison director Darko Vukcevic reportedly said by phone:
