Terra founder Do Kwon requests trial delay to attend, as extradition proceedings from Montenegro are delayed
Do Kwon, the founder of Terra, has requested a delay in his trial against the Securities and Exchange Commission (SEC) so that he can attend. His extradition proceedings from Montenegro have been delayed, and he is wanted in the US, South Korea, and Singapore to face accusations of mass fraud. The SEC claims that four of Kwon's crypto assets were unregistered securities, including TerraUSD and Luna, which had long-lasting effects on the market. Kwon's lawyers deny the claims, and he has expressed a desire to be extradited to South Korea instead of the US, but the local court will ultimately decide his next destination.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Grayscale Bitcoin Trust Surpasses $268.5 Million Revenue

Bitcoin and Ethereum Record $3.4B Investment Inflow

Solana’s BONK Coin Surges 67% Amid Market Rally

Dogecoin Targets $0.25 After Triangle Breakout

Trending news
MoreCrypto prices
More








