The legal counsel for Do Kwon, the former CEO of Terra, has requested a postponement of the Securities and Exchange (SEC) trial in the U.S. due to the uncertainty surrounding the timing of his extradition from Montenegro.
At the beginning of the year, the SEC brought charges against Kwon, accusing him of leading a fraudulent scheme involving multi-billion dollar crypto asset securities.
Do Kwon’s Extradition Delays
As per a document initially identified by Inner City Press, the legal representatives of Kwon have noted that the extradition proceedings in Montenegro are progressing slower than expected. They anticipate that Kwon may not be present in the U.S. until February or March.
If the court rejects the request for a delay, Kwon’s counsel has suggested instructing the jury to consider his absence and inability to testify as not unduly prejudicial to him.
In the U.S., both Kwon and the SEC have submitted motions for summary judgment in their legal dispute. Both parties are urging
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