Terraform Labs co-founder Do Kwon is now set to be released from prison in Montenegro; however, the South Korean will remain restricted to the bord

Terraform Labs co-founder Do Kwon’s pending extradition to South Korea has apparently been put on ice following a legal challenge issued Thursday b

The U.S. is also seeking Kwon's extradition despite the Montenegrin court's decision to send him to South Korea.

The U.S. will appeal the ruling of a Montenegro Court to hand Terraform Labs co-founder Do Kwon to South Korea, according to Bloomberg.

Kwon successfully appealed a previous decision by the same court to send him to the U.S. instead.

Kwon is facing fraud charges in the U.S. around his role in Terra's collapse.

The appeal is a minor victory for Kwon, who initially won an appeal in November only for it to be subsequently overturned.