SEC Approves Trial Delay for Terraform Labs and Co-Founder Do Kwon in $40 Billion Crypto Fraud Case
The US Securities and Exchange Commission (SEC) has greenlit a postponement of the civil trial against Terraform Labs and co-founder Do Kwon, accused of orchestrating a massive $40 billion cryptocurrency fraud. The delay aims to facilitate Kwon’s extradition for his attendance at the trial. In a filing on Monday in Manhattan federal court, the SEC justified a “modest” adjournment…