Attain Kwon, the founder and outdated CEO of Terraform Labs, has obtained an enchantment to remain in Montenegro, throwing a spanner within the works for prosecutors from the U.S. and South Korea who are searching for his extradition.

On Feb. 7, The Court of Appeals in Montenegro popular the enchantment filed by Kwon’s attorneys against his extradition, and in doing so, overturned a Dec. 29 ruling from the High Court of Podgorica that deemed the grounds for extradition had been elated.

The Court of Appeals said that a council had arrived at the resolution after finding that there had been “considerable violations” of distinct provisions within the Criminal Diagram Code. The council mighty that the High Court’s resolution wording became unclear and lacked decisive information.

Kwon became arrested in Podgorica with outdated Terraform Labs CFO Han Chang Joon in March 2023 after searching for to board a airplane to Dubai at the airport the usage of falsified run documents.

Hours after his arrest, prosecutors at the U.S. Division of Justice (DOJ) introduced felony prices against Kwon for his purpose within the collapse of the Terra ecosystem, including on the civil prices from the U.S. Securities and Alternate Commission.

Kwon is also wished by South Korean authorities taking a glimpse into the collapse of TerraUSD (UST), who bear alleged that Kwon and his friends at Terraform Labs defrauded merchants by falsely promoting the stablecoin.

South Korea managed to successfully extradite Kwon’s affiliate Han Chang Joon earlier this week, but has largely been at odds with U.S. prosecutors and the Montenegrin courts over the extradition of Kwon.

It is worth noting that the Appeals court in Montenegro found that the lower court had not adequately established the sequence of arrival of the extradition requests from South Korea and the U.S., which seemingly manner that South Korea may perhaps per chance perhaps need been the predominant nation to file the query.