7 months ago
Do Kwon’s lawyers told a US tribunal connected Feb. 26 that the Terraform Labs co-founder volition beryllium incapable to be the archetypal hearings of the SEC trial.
The lawyers did not petition an adjournment and said the proceedings could statesman arsenic scheduled connected March 25 without Kwon’s presence, according to court filings.
Unforeseen complications
Kwon’s lawyer, David Patton, said that Kwon, presently successful Montenegro, whitethorn not beryllium extradited by the extremity of March owed to unforeseen complications successful the ineligible process. He added that these person derailed earlier expectations of a speedy extradition.
Patton said the hold is chiefly caused by “unanticipated mistakes” made by the Montenegrin tribunal successful complaint of Kwon’s extradition case.
The filing includes a declaration from Kwon’s Montenegrin defence attorney, Goran Rodic, which highlights respective issues with the precocious court’s extradition ruling.
Rodic criticized the Feb. 21 decision, claiming it was based connected incorrect accusation regarding the timing of extradition requests by the US and South Korea. He besides raised concerns implicit respective procedural errors during the ineligible process.
Legal saga continues
Kwon was arrested by Montenegro successful March 2023 for utilizing falsified question documents and has remained determination since. The apprehension came amid ongoing investigations pursuing the illness of Terra successful May 2022, with Kwon’s whereabouts antecedently unknown.
Montenegro recovered him guilty of possessing forged documents and sentenced him to 4 months successful prison. His extradition lawsuit has been ongoing successful tandem.
The ineligible conflict implicit his extradition involves some South Korea and the US. The 2 countries filed extradition requests with Montenegro pursuing Kwon’s arrest.
The SEC’s lawsuit against Kwon and Terraform, filed successful February 2023, and consequent transgression charges by the US Attorney’s Office person placed Kwon astatine the halfway of allegations involving billions successful crypto plus securities fraud.
In December 2023, Judge Jed Rakoff granted summary judgement successful favour of the SEC, with the proceedings scheduled for precocious March 25.
Meanwhile, South Korea wants him extradited to look proceedings successful his location country. Some of his erstwhile associates, including Terra co-founder Daniel Shin, person already faced proceedings implicit fraud charges.
The station Do Kwon improbable to beryllium extradited earlier commencement of SEC trial appeared archetypal connected CryptoSlate.
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