In a recent court filing, legal representatives of Do Kwon provided an update on his extradition process from Montenegro, indicating a longer-than-anticipated delay due to procedural errors by the High Court. The filing reveals the complexities of the extradition process, which was been initially complicated by Kwon’s use of phony passports at a Montenegrin airport, leading to his current predicament. In February of 2023, the SEC’s case against Terraform Labs and Do Kwon alleges that the company offered and sold crypto asset securities without proper registration, culminating in significant financial losses. During this period, Kwon and Terraform are accused of defrauding investors, including both retail and institutional participants in the United States.