Buy Биткоин BTC
Bitcoin (BTC)
Buy Эфир ETH
Ethereum (ETH)
Buy BNB
BNB (BNB)
Buy Ripple XRP
Ripple (XRP)
Buy Tron TRX
Tron (TRX)
Buy Polygon Matik
Polygon (MATIC)
Buy Solana SOL
Solana (SOL)
Buy Dogecoin DOGE
Dogecoin (DOGE)
Buy Avalanche AVAX
Avalanche (AVAX)
Buy Cardano ADA
Cardano (ADA)
Buy Polkadot DOT
Polkadot (DOT)
Buy Syscoin SYS
Syscoin (SYS)

SEC agrees to postpone trial in Terraform Labs case

Market and Events: SEC agrees to postpone trial in Terraform Labs case

The U.S. Securities and Exchange Commission (SEC) has agreed to postpone court hearings in the case of bankrupt cryptocurrency company Terraform Labs and its founder Do Kwon. The SEC filed a motion in Manhattan federal court to postpone the hearing.

Previously, Do Kwon's defense team sent a letter requesting that the trial be moved from late January to mid-March 2024. The SEC not only supported the request, but also asked the court to further postpone the hearing until April 15, 2024.

The SEC's agreement to postpone the trial is contingent on Do Kwon's willingness to be extradited to the US.

In addition, #SEC opposed separate trials for Terraform Labs and Do Kwon, citing the close connection between the two cases. The Commission argues that witnesses, whistleblowers, and victims need not provide duplicative testimony.

The SEC accused Terraform Labs and its co-founder #Do Kwon of a $40 billion fraud. The agency alleges that #DoKwon and the company misled investors about the stability of TerraUSD.

Earlier, Do Kwon's lawyer confirmed that an appeal had been filed against the Montenegrin Supreme Court's extradition decision.

"The decision grossly violates the provisions of the law, the European Convention on Extradition and the bilateral extradition treaty with the United States"emphasized the lawyer.

It should be noted that Daniel Shin, co-founder of #Terraform Labs, attributed the collapse of the company to Do Kwon.

Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.
Make crypto bots for trading
Altcoins: The founder of Telegram commented on the launch of the Notcoin token
Pavel Durov, the creator of the Telegram messaging platform, shared his thoughts on the introduction of the Notcoin (NOT) cryptocurrency. He emphasized that the initiative has attracted more..
Regulation: The French regulator announced a possible blocking of the Bybit platform
The French financial markets regulator (AMF) has issued a warning to investors about the possible restriction of access to the Bybit platform's website. It also noted that..
Mining: During the last three years, El Salvador mined 473.5 BTC using geothermal energy
Since 2021, El Salvador has mined 473.5 BTC (equivalent to $29.3 million) through the use of geothermal energy. Such information was released by Reuters, referring to the state structure..
Altcoins: Trader made $46 million out of $3000 on PEPE memcoin
An unknown trader earned an amount exceeding 46 million dollars by buying the Pepe Coin memcoin (PEPE). This financial triumph was reported by analyst firm Lookonchain.