Montenegro’s highest court on Thursday postponed an earlier decision on the extradition of South Korean crypto entrepreneur Do Kwon to his home country in connection with a massive cryptocurrency crash.

Previously, a Montenegrin appeals court upheld a lower court’s ruling to hand over Kwon to South Korea, rejecting a request to send him to the United States instead.

However, the Supreme Court announced on its website Thursday that Kwon’s extradition to South Korea has been postponed pending a decision on a legal request by prosecutors.

Kwon, co-founder of the cryptocurrency firm Terraform Labs, is wanted by both South Korea and the U.S.

The disgraced tycoon is under suspicion of fraud and other charges related to the crash of the firm’s TerraUSD and Luna coins in 2022, which devastated investors around the world.

He was arrested in the European country in March last year after being caught traveling with a fake passport.

Source : Yonhap News Agency