when

<ul class="news-points"> 
 <li><strong>Terraform Labs and the SEC civil trial began on Monday in Manhattan Court.</strong></li> 
 <li><strong>Do Kwon wasn’t present at the trial due to delays in his extradition.&nbsp;</strong></li> 
 <li><strong>SEC claimed Terraform was a fraud, and the defense stated that failure doesn’t mean fraud.</strong></li> 
</ul> 
<p>The civil fraud trial involving Terraform Labs’ Founder Do Kwon, <a href="https://www.reuters.com/technology/terraform-labs-civil-fraud-trial-set-begin-new-york-2024-03-25/" target="_blank" rel="nofollow">reportedly</a> began on Monday in Manhattan court. Media journalist Zack Guzman shared a series of X posts, providing more insights into the legal development.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">NEW: Do Kwon / Terra vs. SEC off to a hot start in Manhattan court today<br><br>We already got a jury selected along with opening statements from both the SEC and defense teams (plus’s some pretty hilarious material from Judge Rakoff) <br><br>Here’s everything from Day 1 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/vl74lUgFZs" target="_blank" rel="nofollow">pic.twitter.com/vl74lUgFZs</a></p>— Zack Guzmán (@zGuz) <a href="https://twitter.com/zGuz/status/1772316946253361579?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">March 25, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The case had its beginnings back in 2022 when Terraform Labs<a href="https://coinedition.com/terraform-labs-ex-ceo-do-kwon-arrested-for-fraud-and-conspiracy/"> crashed</a>, following which Kwon was arrested in Montenegro for fraud. A series of events followed, with delays in Kwon’s extradition. Kwon’s lawyers<a href="https://coinedition.com/do-kwon-seeks-to-delay-sec-trial-amid-extradition-uncertainty/"> requested</a> the court postpone the trial, which was initially scheduled for January to late March. Though the court granted the postponement, Kwon’s extradition was still …</p>
<p>The post <a href="https://coinedition.com/sec-and-terraform-labs-trial-begins-do-kwon-not-present/">SEC and Terraform Labs’ Trial Begins; Do Kwon Not Present</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

SEC and Terraform Labs’ Trial Begins; Do Kwon Not Present

Coin Edition

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