The trial date for the United States Securities and Exchange Commission (SEC) case against Terraform Labs has been postponed to March 25, as requested by Do Kwon. The request was made by Kwon's legal team to allow him to assist in his defense in person. The trial was originally scheduled to begin on January 29, but Judge Jed Rakoff accommodated the request despite Kwon's uncertain release from extradition proceedings in Montenegro. The SEC filed charges against Terraform and Kwon in February 2023, accusing them of orchestrating a multi-billion dollar crypto asset securities fraud involving TerraUSD (UST) and Terra (LUNA) tokens. Kwon's whereabouts were unknown after the collapse of the Terra ecosystem in May 2022, and he was arrested in Montenegro in March 2023 for using fake travel documents. While it is unclear if Kwon will be able to participate in the SEC case in person, pretrial motions are progressing. Read more AI-generated news on: https://app.chaingpt.org/news