Do Kwon requests to postpone SEC trial date, while in extradition custody
Terraform Labs co-founder Do Kwon urges the court to delay his trial date, as he needs to resolve extradition issues in Montenegro to ensure his presence at the United States court.
Terraform Labs co-founder, Do Kwon, has requested the United States District Court to postpone his trial date until March, citing extradition challenges in Montenegro as the reason for seeking the delay.
In a letter dated January 11 addressed to U.S. District Judge Jed Rakoff, Kwon's legal team emphasized his interest in attending the trial personally, which is scheduled for January 29. However, they had anticipated that Kwon would have already been permitted to return to the U.S. by now:
In February 2023, the SEC filed fraud charges against Kwon, accusing him of having a role in orchestrating a multi-billion dollar crypto-securities fraud. The charges were related to the collapse of Terraform Labs' stablecoin TerraClassicUSD (USTC) and its associated crypto, Terra Luna Classic (LUNC).
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