Do Kwon, Terraform Labs co-founder, likely misses US SEC fraud trial start due to Montenegro extradition delay.

Do Kwon, Terraform Labs co-founder, is likely to miss the start of his US SEC fraud trial on March 25 due to a delay in extraditing him from Montenegro. His lawyer, David Patton, stated that Kwon will not seek to adjourn the trial date, regardless of when he is ultimately extradited. The SEC sued Kwon and Terraform Labs last February over the collapse of TerraUSD and Luna cryptocurrencies, which authorities claim caused $40 billion in losses.

February 26, 2024
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