The US Securities and Exchange Commission (SEC) is looking forward to Terra (LUNA) founder Do Kwon’s extradition to the US and his trial.
SEC on the cryptocurrency market 2022 Terra continues to patiently wait for the return of its founder, Do Kwon, who triggered a major collapse in 2015. According to a report by Reuters, the regulatory body appealed to the US District Court for the Southern District of New York. In his application on January 15while stating that Do Kwon’s trial should begin as soon as he is extradited to the USA. He was not in a hurry with the dates.
Under normal circumstances, Kwon was expected to appear in US court on January 29, but Bureaucratic delays in Montenegro It led to the delay in Kwon’s extradition. SEC, They are fully prepared for a possible lawsuit on January 29. stating the hearing date They will respect it in case of postponement. he stated.
Discussions between the regulator and the court 2 different dates is available. Considering that Kwon will most likely not make the January 29th hearing date, After 18 March will be determined. According to the filing submitted by the SEC April 15, 2024 It will be a convenient date for Kwon’s trial to begin.
Although the court has not yet given formal approval to the SEC’s requests for dates compromise will be reached is considered. On the other hand, SEC It would be unnecessary to hold two different hearings. In his opinion:
Holding two hearings would unnecessarily require witnesses, including SEC whistleblowers and retail investors with limited financial means, to testify twice about the same facts in separate hearings.
regulatory body in February 2023 He filed a lawsuit against Terraform Labs and the company’s founder, Do Kwon, for multiple crimes. Montenegrin authorities still claim Do Kwon’s hometown Whether to be extradited to South Korea or the USA did not decide.