Rakoff Archives - Coin Engineer https://coinengineer.net/blog/tag/rakoff/ Btc, Coins, Pre-Sale, DeFi, NFT Tue, 16 Jan 2024 11:22:30 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png Rakoff Archives - Coin Engineer https://coinengineer.net/blog/tag/rakoff/ 32 32 SEC Delays Terraform Labs Trial! https://coinengineer.net/blog/sec-delays-terraform-labs-trial/ https://coinengineer.net/blog/sec-delays-terraform-labs-trial/#respond Tue, 16 Jan 2024 11:22:15 +0000 https://coinengineer.io/blog/?p=9841 The U.S. Securities and Exchange Commission (SEC) has delayed the trial of the $40 billion cryptocurrency fraud case against Terraform Labs and its co-founder, Do Kwon. The delay was made to allow for Kwon’s extradition. You might like: Celsius Transfers $125 Million Worth of ETH to Exchanges! In a filing with the Manhattan federal court, the

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]]> The U.S. Securities and Exchange Commission (SEC) has delayed the trial of the $40 billion cryptocurrency fraud case against Terraform Labs and its co-founder, Do Kwon. The delay was made to allow for Kwon’s extradition.

You might like: Celsius Transfers $125 Million Worth of ETH to Exchanges!

In a filing with the Manhattan federal court, the SEC argued for a modest delay of the trial, which was originally scheduled for January 29. The decision was made after Kwon’s lawyer said that Kwon had agreed to extradition from Montenegro and could be in the U.S. by mid-March.

The SEC also sought to prevent unnecessary duplication of testimony by opposing separate trials for Terraform and Kwon. U.S. District Judge Jed Rakoff will consider the SEC’s request for a trial date on April 15.

Last month, Rakoff ruled that Terraform and Kwon had violated U.S. laws and put Kwon at risk of extradition from South Korea.

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