Terra Luna founder Do Kwon will be extradited to South Korea.

Montenegrin court has decided that he should be extradited to South Korea, instead of the US, where he was facing fraud charges.

Terra Luna founder Do Kwon was arrested in Montenegro for using a fake passport, and now there's a legal tug-of-war between the US and South Korea over his extradition.

The US wants him to face fraud charges related to Terra Luna's collapse, while South Korea wants him to answer for his alleged capital markets violations. But it looks like South Korea has won this round - Montenegro's High Court has ruled that Kwon will be extradited to his home country.

The US had previously gotten the green light for extradition, but the appeals court overturned that decision due to some technicalities.

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