{"id":9841,"date":"2024-01-16T11:22:15","date_gmt":"2024-01-16T11:22:15","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=9841"},"modified":"2024-01-16T11:22:30","modified_gmt":"2024-01-16T11:22:30","slug":"sec-delays-terraform-labs-trial","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/sec-delays-terraform-labs-trial\/","title":{"rendered":"SEC Delays Terraform Labs Trial!"},"content":{"rendered":"

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.<\/p>\n

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You might like:\u00a0Celsius Transfers $125 Million Worth of ETH to Exchanges!<\/strong><\/em><\/a><\/p>\n<\/blockquote>\n

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.<\/p>\n

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.<\/p>\n

Last month, Rakoff ruled that Terraform and Kwon had violated U.S. laws and put Kwon at risk of extradition from South Korea.<\/p>\n

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Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0Telegram<\/strong>,\u00a0<\/a>YouTube\u00a0<\/strong><\/a>and\u00a0Twitter<\/strong><\/a> channels for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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:\u00a0Celsius Transfers $125 Million Worth of ETH to Exchanges! In a filing with the Manhattan federal court, the<\/p>\n","protected":false},"author":1,"featured_media":9842,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[58,3646,39,3647,2939],"class_list":["post-9841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cryptocurrency","tag-rakoff","tag-sec","tag-terraform","tag-the-u-s-securities-and-exchange-commission"],"yoast_head":"\nSEC Delays Terraform Labs Trial! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"SEC has delayed the trial of the $40 billion cryptocurrency fraud case against Terraform Labs and its co-founder, Do Kwon.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/sec-delays-terraform-labs-trial\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEC Delays Terraform Labs Trial! 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