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Authorities in Montenegro will release the co-founder of Terraform Labs, Do Kwon, as local courts decide his fate regarding extradition to the United States or South Korea.Related: <a href="https://hodl.fm/cfo-terraform-labs-extradited-south-korea" rel="noopener noreferrer nofollow">The Vacation in Montenegro Is Over: Ex-CFO Terraform Labs Extradited To South Korea</a><a href="https://www.bloomberg.com/news/articles/2024-03-23/crypto-fugitive-do-kwon-out-of-jail-but-his-next-destination-is-unclear" rel="noopener noreferrer nofollow">According to Bloomberg</a>, he was released on Saturday, March 23rd. The Supreme Court intervened, suspending the lower court&#39;s decision and halting the extradition of the Terraform Labs co-founder to South Korea. Prosecutors reportedly plan to seize the South Korean passport of the Terraform Labs co-founder, although in 2023 he allegedly used a fake Costa Rican passport in Montenegro.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/b324b7f2587d40f7be36f565caf8adaf.jpeg" />Source: <a href="https://www.bloomberg.com/news/articles/2024-03-23/crypto-fugitive-do-kwon-out-of-jail-but-his-next-destination-is-unclear" rel="noopener noreferrer nofollow">Bloomberg</a>Kwon will be allowed to leave jail on March 23rd after spending nearly a year behind bars, but he was required to surrender his travel documents to prevent him from leaving the country, <a href="https://www.vijesti.me/vijesti/crna-hronika/699353/do-kvona-pustaju-iz-zatvora-ali-ne-smije-da-napusti-crnu-goru" rel="noopener noreferrer nofollow">reports the Montenegrin news agency Vijesti</a>.<h2 id="header-0">READ MORE ON <a href="https://hodl.fm/category/news" rel="noopener noreferrer nofollow">HODL.FM</a></h2>

Terraform Labs Co-founder Do Kwon Freed from Jail in Montenegro

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