Plea to Delay Extradition of Do Kwon Rejected, Trial to Continue

The legal battle between Do Kwon and the Securities and Exchange Commission (SEC) seems to be never-ending. However, a new development has emerged, adding more complexity to the story. Kwon, the founder of Terra, is seeking more time to prepare his defense due to uncertainties surrounding his extradition from Montenegro, according to a report from Inner City Press.

Kwon’s lawyer has requested a delay in the trial, citing the extradition issues and stating that Kwon may not be able to be present in the United States until February or March. Unfortunately for Kwon, the court has denied his request for a delay until mid-March. In response, Kwon has appealed to the judge, asking for an instruction to the jury regarding his absence and the reasons behind it.

Despite the challenges with extradition, the court has decided that the trial will proceed at the end of the month. This decision comes after successful appeals by Kwon’s legal team, which have caused delays in the extradition process due to procedural complications.

In an interesting turn of events, the SEC has filed a Terraform ruling in the ongoing Binance and Coinbase lawsuit. This strategic move by the SEC aims to strengthen its case against Do Kwon, showcasing a meticulous legal strategy.

Both the SEC and Do Kwon have escalated the legal dispute by filing for summary judgment. This unusual move urges a federal judge to decide in their favor without a full trial, as they argue that the opposing party has failed to provide sufficient evidence to support their case.

In summary, the legal battle between Do Kwon and the SEC continues to unfold, with new twists and turns. Kwon’s request for a trial delay has been denied, and the court has decided to proceed with the trial at the end of the month. The SEC has strengthened its case by using a ruling in another lawsuit, and both parties have filed for summary judgment in the hopes of winning without a full trial.