Breaking: Do Kwon, the disgraced Terra founder and co-founder of Terraform Labs, is seeking a delay to his upcoming trial against the U.S. Securities and Exchange Commission (SEC). According to Reuters, the legal defense team representing Do Hyeong Kwon has formally asked a U.S. court to push back the trial. The motion comes as Kwon awaits extradition from Montenegro, a process critical for his participation in the proceedings.

The Disgraced Terra founder Do Kwon has asked a US court to delay his trial against the Securities and Exchange Commission (SEC) so that he can attend, as extradition proceedings continue. The U.S. Securities and Exchange Commission (SEC) has agreed to delay a trial against Terraform Labs and its former top executive, Reuters said on Jan. 15. Terra co-founder Do Kwon has asked that a U.S. court delay the Securities and Exchange Commission (SEC) trial against him, pending his extradition from Montenegro.

The key reason cited for the request is Kwon's ongoing extradition battle. His presence is deemed essential for his defense, and the team argues that proceeding without him would severely prejudice his case. While the SEC has reportedly agreed to a delay, the extent of that delay and the new trial date remain uncertain. This development adds another layer of complexity to the already turbulent legal saga surrounding Terraform Labs and Do Kwon.