Summary
Do Kwon, co-founder of Terraform Labs, may be extradited to the US in mid-March to face charges of orchestrating a $40 billion cryptocurrency fraud scheme. Kwon, currently in custody in Montenegro for using a fake passport, is seeking to delay a trial in a US Securities and Exchange Commission lawsuit against him and Terraform. He wants the civil trial postponed until at least March 18 so he can participate.
Key Points
1. Terraform Labs co-founder Do Kwon could potentially be extradited to the US by mid-March to face charges related to a $40 billion cryptocurrency fraud scheme.
2. Kwon, who is currently in custody in Montenegro for using a fake passport, is seeking to delay a trial in a US Securities and Exchange Commission lawsuit that alleges similar fraudulent activities by him and Terraform. He wishes to postpone the civil trial until at least March 18 in order to participate.
3. The extradition and legal proceedings against Kwon highlight the serious allegations and potential consequences he may face for his alleged involvement in the cryptocurrency fraud scheme.