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International Business Times

Business

Nica Osorio

Awaiting Do Kwon: SEC Agrees To Delay TFL CEO's $40B Crypto Fraud Case Trial

Do Kwon SEC TfL Crypto Jed Rakoff Montenegro Inner City Press Terraform Labs United States

KEY POINTS

The SEC proposed April 15 as the new date for Kwon's trial
Do Kwon's attorney has assured they will not seek additional adjournments
The decision to potentially reschedule the trial date now rests with U.S. District Judge Jed Rakoff

The United States Securities and Exchange Commission has agreed to postpone the civil litigation involving Terraform Labs (TFL) co-founder and CEO Do Kwon. The move seems strategically aimed at facilitating Kwon's extradition, thereby ensuring his presence during the trial.

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