Do Kwon Out of Jail, Under House Arrest Pending Extradition Decision

Multiple sources have reported that Do Kwon, the former chief executive officer of Terraform Labs, was released from jail on Saturday while the high court in Montenegro decides on two separate extradition requests submitted by South Korea and the United States.

According to various sources, Do Kwon has regained his freedom, having been discharged on Saturday. In a conversation with Bloomberg journalists Jasmina Kuzmanovic and Misha Savic, Montenegro's prison chief Darko Vukcevic confirmed Kwon's release, stating that he is currently under the custody of the police authority.

"We released Do Kwon from prison as his regular prison term for traveling with fake papers ended," Vukcevic detailed. "Since he is a foreign citizen and his documents were withheld, he was taken for an interview to [the] police directorate for foreigners, and they will deal with him further."

The latest update comes after Montenegro's highest judicial authority deferred Kwon's deportation to South Korea, indicating a pending decision on his eventual destination. It is now understood that Kwon, having left the jail, is under house arrest awaiting the outcome of the extradition deliberation.