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»SEC acknowledges Dokwon Terra trial postponement until April 15
TRADING NEWS

SEC acknowledges Dokwon Terra trial postponement until April 15

By Crypto FlexsJanuary 16, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
SEC acknowledges Dokwon Terra trial postponement until April 15
Share
Facebook Twitter LinkedIn Pinterest Email

The U.S. Securities and Exchange Commission is not opposed to delaying Terra’s cryptocurrency fraud trial and is instead open to waiting for Terraform co-founder Do-Hwan Kwon to be extradited.

Federal prosecutors have filed two court arguments for the trial of Do-Kwon Kwon and his blockchain startup Terraform Labs in connection with the collapse of $40 billion TerraLuna (LUNC) and TerraUSD (UST) in May 2022.

The SEC agreed to “appropriately postpone” the Terraform case until mid-April while proceedings on Kwon’s extradition from Montenegro continue. The U.S. Securities and Exchange Commission (SEC) also argued that it was opposed to a separate trial because the trials for Kwon and Terraform were mixed.

Kwon’s lawyers have sought court approval to delay Terra’s trial until March 18 so the former cryptocurrency tycoon can attend trial. His lawyers have said Kwon will not seek a second extension if the defendant fails to meet the new court date.

Meanwhile, the former tech billionaire has reportedly filed another appeal seeking to overturn a ruling by Montenegro’s High Court upholding extradition requests from South Korea and the United States where he was charged.

According to his lawyers, the High Court’s ruling ignores the bilateral extradition treaty with the United States and the European Extradition Convention. Previously, Mr. Kwon won an appeal against his extradition request in November last year. However, the Podgorica High Court, where Kwon was arrested, resumed sentencing a few weeks later in December.

Dodo Kwon and Terraform were accused of misleading users and investors about the stability of UST, an algorithmic stablecoin pegged to the U.S. dollar. UST was unable to maintain the promised $1 price, leading to a collapse within the Terra ecosystem.

The collapse of Terra will ultimately be preceded by a domino of bankruptcies and the start of the cryptocurrency winter of 2022.

Follow us on Google News

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Will Solana price fall to $170 once it gets close to the important support level?

October 16, 2025

XRP price falls 6% as market crash causes whales to flee

October 15, 2025

How to Use Google Gemini to Analyze Crypto Coins Before Investing

October 14, 2025
Add A Comment

Comments are closed.

Recent Posts

Seascape Launches First Tokenized BNB Treasury Strategy On Binance Smart Chain

October 16, 2025

ETH And BTC Holders Are Flocking To OAK Mining For Stable Profits Of $8,600 Daily

October 16, 2025

Will Solana price fall to $170 once it gets close to the important support level?

October 16, 2025

Crypto Market Rebound, L2 Surge and ZEC Shock: Daily Insights

October 16, 2025

ZBCN is tradable!

October 15, 2025

Analysts expect a breakout of $135 as ETF approval buzz grows.

October 15, 2025

Chinese woman pleads guilty ahead of trial in $7 billion British Bitcoin fraud case

October 15, 2025

XMoney Launches $XMN On Sui, Expands Listings Across Global Exchanges

October 15, 2025

ZNB) STRENGTHENS BALANCE SHEET WITH USD 231 MILLION BITCOIN-BACKED INVESTMENT AMID MARKET TURBULENCE

October 15, 2025

XRP price falls 6% as market crash causes whales to flee

October 15, 2025

US government holds $36 billion in Bitcoin after largest confiscation in history

October 15, 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

Seascape Launches First Tokenized BNB Treasury Strategy On Binance Smart Chain

October 16, 2025

ETH And BTC Holders Are Flocking To OAK Mining For Stable Profits Of $8,600 Daily

October 16, 2025

Will Solana price fall to $170 once it gets close to the important support level?

October 16, 2025
Most Popular

From casual interest to international investment: Cryptocurrency is important

September 10, 2024

Reasons for structural failures, huge chaos and encryption can be the only safe betting remaining

May 16, 2025

Socket said it recovered 1,032 ETH after the Bungee exploit last week.

January 23, 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.