Terra’s Do Kwon Wins Appeal, Avoids US Extradition For Now

On Tuesday, March 5, the Appellate Court of Montenegro has overruled the decision of the High Court of Podgorica, which had approved the extradition of Terraform Labs co-founder Do Kwon to the United States for criminal prosecution.

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Terraform Labs Under SEC Scrutiny For Alleged Funds Misappropriation In $166M Law Firm Payment | Bitcoinist.com

According to a Reuters report, the US Securities and Exchange Commission (SEC) has raised concerns regarding Terraform Labs’ hiring of the law firm Dentons and the payment of litigation costs for its employees during the company’s bankruptcy proceedings.

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SEC Vs. Do Kwon: Trial To Begin In Absence Of Terra Founder

The legal saga surrounding Terraform Labs co-founder Do Kwon is taking another pivotal turn as the US Securities and Exchange Commission (SEC) prepares to commence its civil trial against him on March 25, despite his likely absence due to extradition delays from Montenegro.

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