$LUNC
The SEC filed civil charges against Terraform Labs and Kwon in February of last year, accusing the pair of orchestrating a "multi-billion-dollar crypto asset securities fraud" involving the tokens formerly known as UST and Terra (LUNA).
The latest filing comes nearly two weeks after the SEC agreed to postpone Kwon's fraud trial to March 25 after receiving a request from his legal team to delay the proceedings.
Kwon's Terra Money ecosystem collapsed in May 2022. Shortly after the company collapsed, his whereabouts remained unknown until he was arrested in Montenegro in March 2023 after attempting to flee the country with falsified travel documents.
The United States and Kwon's home country, South Korea, are seeking his extradition, and Kwon could serve several sentences in both countries.
If Kwon is extradited to South Korea, he could face a 40-year prison sentence where he is accused of having committed most of his crimes. Do you still believe in this project?