According to legal representatives for Do Kwon, the High Court of Montenegro issued a ruling on February 21 for the extradition of the Terraform co-founder to the United States. However, due to procedural errors and delays, Kwon is unlikely to be extradited before the end of March, potentially impacting the upcoming trial with the U.S. Securities and Exchange Commission (SEC). Kwon’s legal team does not anticipate seeking an adjournment of the trial date, despite his expected absence. The extradition decision was contested on the grounds of incorrect information presented to the Montenegrin court, leading to an appeal against the ruling. The legal proceedings have been prolonged due to unexpected mistakes, delaying Kwon’s extradition to either South Korea or the United States. Despite ongoing legal challenges, the trial date for the SEC lawsuit against Kwon and Terraform is set to commence on March 25, 2024.
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