The Montenegrin court rejected the appeal of Terra founder Do Kwon to cancel his extradition. The decision on whether to extradite him to the United States or South Korea now rests with Justice Minister Bojan Božović.

Kwon was arrested on March 23, 2023, facing charges of using false documents, while his company Terraform Labs is undergoing liquidation after reaching a $4.47 billion settlement with the U.S. Securities and Exchange Commission (SEC) over fraud claims.