The SEC’s civil trial against Kwon is scheduled to kick off in New York on March 25, with or without the defendant. by Casey Wagner /. March 5, 2024 03:41 pm. Terraform Labs and Adobe Stock modified by Blockworks. An appeals court in Montenegro has overturned a previous ruling to extradite Terraform Labs founder Do Kwon to the US, the court said Tuesday.. Tuesday’s update marks the latest development in the ongoing dispute involving the United States, Montenegro, South Korea and Kwon’s team to determine where Montenegro authorities will send the disgraced founder. Kwon has been in custody in Montenegro since March 2023. South Korea and the US are seeking extradition.. The US Securities and Exchange Commission’s civil trial against Kwon is scheduled to kick off in New York on March 25, delayed from January. US District Judge Jed Rakoff said there will be no further delays and the trail will proceed with or without Kwon present.. Kwon’s US legal team last week told Rakoff in a letter that the extradition process was “meant to be resolved by this point.”. Read more: Do Kwon’s lawyers don’t expect a US extradition by March. His team said that the back and forth is due, in part, to confusion around the order in which Montenegro authorities received requests from the US and South Korea for Kwon’s extradition.. The High Court in Montenegro ruled last month that Kwon should be extradited to the US because it believed that the US was the first to make the extradition request, but Goran Rodić, Kwon’s attorney in Montenegro, says the opposite is true.. Read more: Do Kwon deposition in the US is ‘impossible,’ lawyers argue. “The Minister of Justice at the time the extradition requests were received in March and April 2023 publicly stated that the request from South Korea arrived first and that the most recent decision [made in February] of the High Court was erroneous,” Rodić wrote in a letter to Rakoff last week.. Tuesday’s statement did not provide an update on when a final decision on the extradition should be expected.. Don’t miss the next big story – join our free daily newsletter.. Tags. Do Kwon. SEC. Terraform Labs. Newsletter. Blockworks Daily. Upcoming Events. Digital Asset Summit 2024. Hilton Metropole | 225 Edgware Rd, London. Mon – Wed, March 18 – 20, 2024. Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.. buy ticketslearn more. Day 0x. HYATT REGENCY SALT LAKE CITY. TUES, OCT. 8, 2024. Guided by the expertise of Blockworks Research Analysts team, this one day event will feature senior leaders, entrepreneurs, and developers from across the crypto industry. Attendees will have the opportunity to participate in an immersive experience to explore the latest trends, . . learn more. Permissionless III. Salt Lake City, UT. WED – FRI, OCTOBER 9 – 11, 2024. Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains . . learn more. recent research. Research. Wormhole is a suite of open-source, permissionless protocols used to move assets and queries across blockchains. Despite being a common misconception, Wormhole is not just a token bridge. Nevertheless, protocols can build token bridges on top of Wormhole by leveraging the cross-chain messaging provided.. by Boccaccio. more from news. Select a tab. Euler will be introducing modular design with a relaunch that is expected to occur in Q2 of 2024. by Bessie Liu /. March 5, 2024. The concurrent resolution seeks to “encourage” pension fund managers to consider crypto in their allocations. by Casey Wagner /. March 5, 2024. Polymer is one step closer to bringing Cosmos SDK technology to Ethereum through its latest testnet launch. by Bessie Liu /. March 5, 2024. The US filed to modify the ex-Binance CEO’s bail to require notification of travel plans. by Katherine Ross /. March 5, 2024. The 10 spot bitcoin ETFs have roughly the same amount of assets as the first physically backed gold ETF by State Street Global Advisors. by Ben Strack /. March 5, 2024. Bitcoin’s previous all-time high was around $69,044 in November 2021. by Katherine Ross /. March 5, 2024