Do Kwon Seeks to Delay SEC Trial Amid Extradition Uncertainty

• The Terra Luna founder might not be able to appear in the U.S. in March.
• Kwon’s legal team proposes that his absence should not be considered unduly prejudicial.
• The slow progress in Montenegro’s extradition will prevent Do Kwon from appearing in the U.S. trial.

In a strategic move, Do Kwon, the founder of Terraform Labs (TFL), is attempting to postpone the impending trial with the U.S. Securities and Exchange Commission (SEC) until his extradition proceedings from Montenegro are finalized. 

Kwon’s legal team has formally requested the U.S. court delay the trial, citing uncertainty regarding the timeline of his extradition. The requisition was communicated through a filing dated January 11 to U.S. District Judge Jed S. Rakoff. Attorney Matthew Russell of Inner City Press called attention to the move in a recent statement on X.

In the filing, the legal…

The post Do Kwon Seeks to Delay SEC Trial Amid Extradition Uncertainty appeared first on Coin Edition.