U.S. SEC agrees to postpone Do Kwon trial date, but opposes separate hearing of his case from Terraform case

In a document filed with the U.S. District Court for the Southern District of New York on January 15, the SEC stated that it agreed to a request by Do Kwon’s legal team to postpone the start of the trial to no earlier than March 18. "The SEC agrees with Do Kwon's request for a modest adjournment so that he can participate in the trial. If the trial date is postponed, the SEC respectfully requests that the trial begin on April 15, 2024," the filing said. While the SEC agreed to a request to potentially delay the trial date, it objected to having Kwon's case heard separately from the Terraform case. The SEC said: “Holding two trials would unnecessarily require witnesses, including SEC whistleblowers and retail investors with limited financial resources, to testify twice about the same facts in separate trials.” (Cointelegraph) It was previously reported that Do Kwon appealed against the Montenegro High Court’s decision to uphold the extradition requests from the United States and South Korea. His lawyer said that the local court was under pressure and the new appeal was filed because the Montenegrin High Court's ruling "seriously violated legal provisions, the European Convention on Extradition and the bilateral extradition treaty with the United States."