The court in Montenegro rejected the appeal of Do Kwon, the former head of Terraform Labs, regarding his extradition case. This means that the decision on whether to extradite Kwon to the USA or South Korea is now up to the Minister of Justice of Montenegro.

What you need to know:

* Who is Do Kwon? Co-founder of Terraform Labs, the company behind the collapse of the #Terra/#LUNA cryptocurrency, which led to losses in the tens of billions of dollars.

* What is he accused of? He has been charged with fraud in South Korea and the USA related to this collapse.

* Why Montenegro? Kwon was arrested in Montenegro in March 2023 for using forged documents while attempting to leave the country.

* What does the court's decision mean? The court rejected Kwon's defense appeal against the decision for his extradition. Now the final word is with the Minister of Justice. He will decide to which country Kwon will be extradited.