South Korea says waiting for Montenegro to extradite Terraform Labs founder Kwon

South Korea is waiting for Montenegro to extradite Terraform Labs co-founder Do Kwon, the justice minister said on Friday, after reports that a court in the Balkan nation had overturned a decision to hand over the jailed crypto entrepreneur to the United States.
Justice Minister Park Sung-jae said Montenegro had yet to contact his country but his ministry would take the necessary measures once they received an official notice.
Montenegro news service Vijesti reported that the Court of Appeals had overturned a High Court decision to extradite Kwon to the United States. Kwon has said that he would prefer to be extradited to South Korea.
A civil trial on U.S. Securities and Exchange Commission fraud charges against Kwon was scheduled to start on March 25 although he was expected to miss at least the start of the proceedings because of the delay in extraditing him from Montenegro.