Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»TRADING NEWS»Request for postponement of trial during extradition proceedings
TRADING NEWS

Request for postponement of trial during extradition proceedings

By Crypto FlexsJanuary 19, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Request for postponement of trial during extradition proceedings
Share
Facebook Twitter LinkedIn Pinterest Email

Metropolitan authorities request postponement of SEC trial

Terraform Labs co-founder Do Kwon appealed the postponement of the trial, currently scheduled for January 29, to the U.S. District Court for the Southern District of New York. The request to postpone until March is due to ongoing extradition issues in Montenegro. This is preventing him from attending his trial in the United States.

Legal Issues Due to Cryptocurrency Collapse

Mr. Kwon faces fraud charges filed by the Securities and Exchange Commission (SEC) in February 2023 related to his alleged involvement in a multibillion-dollar securities fraud involving Terraform Labs’ stablecoins TerraUSD (USTC) and Terra (LUNA) tokens. is receiving. The collapse of these cryptocurrencies had a significant impact on the digital asset market.

In a letter to Judge Jed Rakoff, Kwon’s lawyers expressed their desire to attend the trial. But these plans have been hampered by Montenegro’s extradition process moving more slowly than expected. They acknowledged the urgency of the court, but suggested that it would realistically be possible for Mr. Kwon to attend the trial if it were postponed to mid-March.

The legal situation surrounding Mr. Kwon’s extradition was complex. In December 2023, Montenegro’s Court of Appeal annulled the Podgorica High Court’s decision authorizing Kwon’s extradition to the United States or South Korea. The development comes as U.S. and South Korean authorities have requested that Kwon’s detention be extended after his sentence ends.

Mr. Do-Kwon’s arrest and multiple jurisdictions

Mr. Kwon was arrested in Montenegro in March 2023 on charges of using forged travel documents. Given interest from both the United States and South Korea in his extradition, there has been speculation about the possibility of multiple sentences in both countries, highlighting the international scope of the legal problems he faces.

High-profile legal stories from the cryptocurrency space

Kwon Do-kwon’s request to postpone his trial date while extradition proceedings continue reflects the complexity and international dimension of legal issues in the cryptocurrency world. His case, which involved one of the most significant meltdowns in the cryptocurrency market, continues to unfold with significant interest in multiple jurisdictions.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Doodles has joined Universal Monsters and dropped a TON of NFT stickers.

October 30, 2025

Australia provides clarity on cryptocurrency regulation with new guidelines

October 29, 2025

Coinbase Acquires Echo, Leading On-Chain Capital Raising Platform in $375 Million Deal

October 28, 2025
Add A Comment

Comments are closed.

Recent Posts

Jiuzi Holdings Launches $1 Billion Bitcoin Treasury With SOLV To Drive Institutional Yields And RWA Innovation

October 30, 2025

Hetu 3.0 – Deep Intelligence Money

October 30, 2025

Doodles has joined Universal Monsters and dropped a TON of NFT stickers.

October 30, 2025

Ethereum whales doubled down on ETH as the $5,000 price target moves higher.

October 30, 2025

SOL remains fixed below $200 despite surge in ETF trading volume

October 30, 2025

Bybit’s BbSOL Gains Institutional Custody Support From Anchorage Digital, Reinforcing Its Institutional-Grade Standing

October 30, 2025

OKX Ventures Invests in Accountability for Enhanced Financial Verification

October 30, 2025

Injective (INJ) Completes First Community Buyback Worth $32 Million

October 29, 2025

Whale.io Confirms First Airdrop For Crock Dentist NFT Holders

October 29, 2025

BTC And XRP Prices Fluctuate Dramatically. WOAHash Helps Holders Earn $9,900 In Daily Returns.

October 29, 2025

Acre Launches V2 Platform, Enabling Bitcoin Holders To Earn 14% APY (est.) From Self-Custody

October 29, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Jiuzi Holdings Launches $1 Billion Bitcoin Treasury With SOLV To Drive Institutional Yields And RWA Innovation

October 30, 2025

Hetu 3.0 – Deep Intelligence Money

October 30, 2025

Doodles has joined Universal Monsters and dropped a TON of NFT stickers.

October 30, 2025
Most Popular

Montenegro Court Delays Do Kwon’s Extradition to South Korea Again

August 9, 2024

Bitfinex Alpha | Despite recent price declines, Bitcoin has never looked stronger

May 15, 2024

Top 10 BitStarz Player Reviews for 2023

February 28, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.