- 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.
CRYPTO IN THE COURTS: Do Kwon Wants to Attend SEC Terraform Labs Trial So He Asks to Delay It to Mid March for Extradition – Inner City Press story: https://t.co/R3mq5kcsYs Full filing on Patreon here https://t.co/rQd294gK8k pic.twitter.com/3d525J8B4p— Inner City Press (@innercitypress) January 12, 2024
In the filing, the legal…
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