The fate of Terraform Labs co-founder Do Kwon is in the hands of Montenegro’s High Court, following a successful appeal from Kwon's legal team. The court will decide whether to extradite Kwon to the United States or South Korea, where he faces criminal charges. Kwon was arrested in Montenegro in March 2023 for using falsified travel documents. In April, a U.S. court found Terraform and Kwon liable for fraud in a case brought by the Securities and Exchange Commission (SEC). If extradited to South Korea, Kwon faces an indictment for fraud and violations of capital markets law.