Terra Classic

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Crypto entrepreneur Do Kwon, famous for his unsuccessful algorithmic stablecoin project, is expected to miss the beginning of a civil trial involving U.S. Securities and Exchange Commission (SEC) fraud charges.<h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" />According to <a href="https://www.reuters.com/technology/terraform-labs-co-founder-do-kwon-miss-start-us-sec-trial-2024-02-26/" rel="noopener noreferrer nofollow">Reuters</a>, 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. This was disclosed in a letter <a href="https://cryptosheadlines.com/ftx-2-0-reboot-plan-revealed-in-court-filing-launch-imminent/" rel="noopener noreferrer nofollow">filed in federal court</a>.<h3 id="do-kwon-s-legal-battle-amid-detainment">Do Kwon’s Legal Battle Amid Detainment</h3>Do Kwon, along with <a href="https://cryptosheadlines.com/terraform-labs-transfers-millions-worth-of-tokens-one-year-after-terra-luna-crisis/" rel="noopener noreferrer nofollow">Terraform Labs</a>‘ former chief financial officer, Han Chang-Joon, has been detained in Montenegro since March 2023. Their arrest occurred as they were trying to leave the capital on a private flight bound for Dubai.The duo faced charges <a href="https://cryptosheadlines.com/sec-denied-request-to-seal-documents-related-to-hinmans-ether-speech-judge-rules-in-ripple-case/" rel="noopener noreferrer nofollow">related to suspicious travel documents</a> and were later convicted of forgery following a red alert issued by Interpol for Kwon. Authorities extended Kwon’s detention by four months to facilitate his extradition, responding to requests from both the U.S. and <a href="https://cryptosheadlines.com/terra-founder-do-kwon-may-face-extradition-to-south-korea-says-wsj/" rel="noopener noreferrer nofollow">South Korea</a>.Prosecutors in both countries intend to pursue <a href="https://cryptosheadlines.com/poloniex-cryptocurrency-exchange-to-pay-7-6-million-fine-to-resolve-sanctions-violation-charges/" rel="noopener noreferrer nofollow">charges against Kwon for fraud and other criminal violations</a> linked to Terra’s collapse in May 2022.Despite the allegations, Kwon has consistently denied any wrongdoing. A recent <a href="https://cryptosheadlines.com/singapore-court-rules-usdt-as-property/" rel="noopener noreferrer nofollow">court ruling</a> in Montenegro favored Kwon’s extradition to the U.S. instead of his preferred destination of South Korea.<h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" />However, Kwon is currently attempting to <a href="https://cryptosheadlines.com/pro-xrp-lawyer-john-deaton-ripple-could-win-again-despite-sec-appeal/" rel="noopener noreferrer nofollow">appeal this decision with the assistance of his local lawyer</a>, Goran Rodic. Rodic argues that the ruling was based on inaccurate information, suggesting that the U.S. extradition request was received first.<a href="https://cryptosheadlines.com/pixel-token-surges-to-record-high-whats-driving-the-rally/" rel="noopener noreferrer nofollow">Also Read: PIXEL Token Surges to Record High: What&#39;s Driving the Rally?</a>Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Do Kwon of Terraform Labs to Miss Start of SEC Trial: Report

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