Do Kwon Likely to Miss SEC Trial Due to Extradition Delays

The Terraform Labs co-founder's extradition from Montenegro faces setbacks, complicating his attendance at the upcoming SEC fraud trial.

Do Kwon, former CEO of Terraform Labs, is unlikely to attend the start of his SEC trial on March 25 due to extradition delays from Montenegro.
Both the United States and South Korea have requested Kwon's extradition, with Kwon expressing a preference for South Korea.
The extradition process has been prolonged by unanticipated errors in the Montenegrin legal system, including a high court ruling based on incorrect information regarding the sequence of extradition requests.
Kwon's legal team has appealed the decision to extradite him to the US, further delaying the process.
Kwon faces SEC fraud charges related to the collapse of Terraform Labs' Terra-Luna crypto project, which resulted in approximately $40 billion in investor losses.