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The U.S. Securities and Exchange Commission (SEC) revealed suspicious movements of Terraform Labs' funds. According to Reuters, the SEC discovered a payment of $166 million to the company's lawyers from Terraform Labs.
The U.S. Securities and Exchange Commission (SEC) has raised objections to a $166 million retainer payment to lawyers of Terraform, according to Reuters.
The SEC has asked a US bankruptcy court to deny Terraform Labs' retention of Dentons as its special counsel in a filing submitted Tuesday.
The legal conundrum surrounding fallen crypto star Kwon Do-hyeong has taken yet another key turn as the U.S. Securities and Exchange prepares to begin its trial against him. Interestingly, Kwon may miss the beginning of the securities fraud trial due to delays in his extradition from Montenegro.
Kwon's US SEC fraud case is scheduled for March 25. However, his lawyer doubts he will be extradited before the end of that month.
Do Kwon's lawyers told a US court on Feb. 26 that the Terraform Labs co-founder will be unable to attend the initial hearings of the SEC trial. The lawyers did not request an adjournment and said the trial could begin as scheduled on March 25 without Kwon's presence, according to court filings.
As per the recent court filings, the co-founder of Terraform Labs, Do Kwon, may not arrive in the United States in time for the trial with the Securities and Exchange Commission (SEC). Kwon's legal representatives have concerns regarding the postponement of the extradition process from Montenegro, where Kwon has been detained since March 2023.
The Terraform Labs co-founder and his lawyers seek tactics to evade accountability, determined to fight tooth and nail against extradition.
Former Terraform CEO Do Kwon's extradition battle continues.
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According to Do Kwon's legal team, a Montenegrin High Court made a Feb. 21 ruling to extradite the Terraform co-founder to the United States “based on erroneous information.”
The legal saga surrounding Terraform Labs co-founder Do Kwon is taking another pivotal turn as the US Securities and Exchange Commission (SEC) prepares to commence its civil trial against him on March 25, despite his likely absence due to extradition delays from Montenegro.
According to Reuters , Terraform Labs founder Do Kwon will likely miss the start of his trial on March 25 because of delays in his extradition from Montenegro. Kwon's lawyer, David Patton, confirmed this information and stated that Kwon does not plan to request a postponement for the trial date.
The uncertainty around Do Kwon's extradition to the US continues as the Public Information Officer of the Podgorica High Court highlights key reasons that may result in the delay.
Amidst mounting legal battles, Terraform Labs Co-Founder Do Kwon faces uncertainty regarding his upcoming civil trial, scheduled for March 25. Recent developments, including the High Court of Podgorica's ruling on Kwon's extradition, have brought his potential absence on the trial's initial day into focus.
The crypto entrepreneur Do Kwon, best known for his failed algorithmic stablecoin, will likely skip the beginning of a civil trial on U.S. Securities and Exchange Commission (SEC) fraud charges.
Co-founder of Terraform Labs, Do Kwon, is facing potential delays in the extradition process from Montenegro, which has raised about his presence at the upcoming civil trial in the USA against the US Securities and Exchange Commission, scheduled to begin on March 25, 2024.
As the altcoin season warms up with the crypto market crossing the $2Trillion mark, the Terra coins are ready for a comeback. Following the recent bounce back, the Terra tokens underwent a consolidation phase and are now preparing a new bull run.
Complications in Do Kwon's extradition from Montenegro could reportedly result in him missing the start of his alleged fraud trial by the SEC next month.
Terra co-founder Do Kwon will likely miss the start of the SEC trial on fraud charges amidst the delay in his extradition, Reuters reported.
The cryptocurrency entrepreneur Do Kwon will likely miss at least the start of a scheduled March 25 trial on U.S. Securities and Exchange Commission fraud charges because of a delay in extraditing him from Montenegro, his lawyer said on Monday.
The legal saga surrounding Terraform Labs founder Do Kwon may see yet another twist.
The Terraform Labs co-founder, who has been in Montenegro since his arrest in March 2023, will reportedly be extradited to the United States to face fraud charges.
In a thrilling plot twist witnessed around Terra founder Do Kwon's legal chronicle, the high court of Podgorica, Monetgro's capital, recently cast a shadow on the extradition of the Terra founder to the United States, stating that this decision might be overturned again. This comes despite the court's recent decision to extradite Kwon Do-hyung, birthing
