KEY POINTS
- The case will now return to square one for retrial and decision
- The U.S. and South Korea both filed to get Kwon extradited just days after his arrest
- Kwon is faced with eight separate charges in the U.S., including wire fraud
Do Kwon, the co-founder of collapsed blockchain protocol and payments platform Terraform Labs, may not be extradited to the United States anytime soon as a Montenegro court overturned an earlier decision of a Podgorica court to allow for the ex-crypto mogul's U.S. extradition.
