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SEC Delays Do Kwon and Terraform Trial Until US Extradition in March

The trial of Terraform Labs founder Do Kwon has been postponed until his extradition to the US, which is expected in March. The United States Securities and Exchange Commission (SEC) agreed to the delay, which was requested by Kwon's lawyers due to slow extradition proceedings in Montenegro. The SEC is against separating the case against Kwon from the case against Terraform, as both entities are defendants in the charges brought by the SEC. The charges accuse Kwon and Terraform Labs of orchestrating a multi-billion dollar crypto asset securities fraud.

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