9 months ago
According to a tribunal filing, embattled Terraform Labs co-founder Do Kwon wants to hold his Securities and Exchange Commission (SEC) proceedings to mid-March, pending his extradition to the state from Montenegro.
In a Jan. 11 missive to Judge Rakoff, arsenic shared by Inner City Press, Kwon’s ineligible squad revealed that their lawsuit wants to look astatine the court. Still, his delayed extradition from Montenegro is impeding this availability.
So, helium is requesting a “short adjournment of the proceedings day [until mid-March] to let for his attendance.”
“We recognize the Court cannot enactment the proceedings connected clasp indefinitely, but an adjournment until mid-March would supply a realistic anticipation for Mr. Kwon to attend,” the missive added.
However, if his petition is denied, Kwon wants the tribunal to instruct the assemblage that his lack and unavailability to attest should not beryllium “unduly prejudicial to him.”
Kwon has been held up successful Montenegro since past March aft helium was arrested for trying to question with forged documents. He served a four-month situation condemnation successful the European country, but his enactment was extended by 2 months owed to the ineligible issues surrounding his imaginable extradition to the U.S. oregon South Korea.
Last December, the Montenegro Court of Appeal overturned a little court’s support of his extradition due to the fact that the bid breached circumstantial ineligible provisions.
So, uncertainty looms implicit wherever Kwon would beryllium sent. The disgraced crypto tycoon antecedently expressed penchant to beryllium extradited to South Korea. However, Montenegro’s Minister of Justice reportedly leans towards extraditing him to the U.S.
The SEC charged Kwon with 8 transgression charges, including securities instrumentality violation, ligament fraud, and allegations of defrauding the customers of his failed Terra algorithmic TerraUSD (USTC, antecedently UST) stablecoin. He faces akin charges successful South Korea, wherever his erstwhile partner, Daniel Shin, is presently on trial.
The station Do Kwon seeks SEC proceedings hold portion awaiting extradition from Montenegro appeared archetypal connected CryptoSlate.
English (US) 