Terraform Labs co-founder misses SEC fraud trial start due to extradition delays.

Terraform Labs co-founder Do Kwon will likely miss the start of a US Securities and Exchange Commission (SEC) fraud trial on March 25 due to delays in his extradition from Montenegro. Kwon's lawyer stated that Kwon will not seek to adjourn the trial date, regardless of when he is extradited. He was sued by the SEC last February over the collapse of TerraUSD and Luna cryptocurrencies, resulting in $40 billion losses in crypto markets.

February 26, 2024
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