The High Court in Podgorica, Montenegro, has approved the extradition of Do Kwon, co-founder and CEO of Terraform Labs, to South Korea to face charges related to financial investment violations. The court also acknowledged a U.S. extradition request based on an indictment by the Southern District of New York for fraud-related charges. Kwon consented to simplified extradition to South Korea, but the court proceeded with a formal ruling due to multiple requests. The final decision on extradition will be made by Montenegro's Minister of Justice after Kwon serves a four-month sentence for document forgery.