Kwon's Lawyers Say SEC Extradition Request Impossible Due to Montenegro Detention, Push for Testimony in Montenegro by Deadline

Lawyers for Do Kwon claim SEC's extradition request is impossible due to his detention in Montenegro.
Kwon's team says providing written testimony would undermine his due process rights.
Kwon doesn't oppose deposition but says it must occur in Montenegro by Oct 13 deadline.
SEC may deem Montenegro deposition inadequate and pursue another after discovery cutoff.
SEC sued Terraform Labs and Kwon in Feb for allegedly perpetrating a $60 billion crypto fraud.

cointelegraph.com

Relevant topic timeline:

9/29/2023

SEC Revelations: Do Kwon Faked Terra Trading Volume and Used Chai to Create Fake Transactions

Disgraced crypto mogul Do Kwon admitted to faking trading volume and creating fake transactions to generate fees, according to court documents filed by the U.S. Securities and Exchange Commission (SEC). Kwon's Terra collapsed last year, and the SEC is now accusing him of fraud.

10/2/2023

Class-Action Lawsuit Against Terraform Labs and Do Kwon Dropped Following Collapse of Terra

A class-action lawsuit against Terraform Labs and its co-founder Do Kwon over fraud allegations has been dropped by the group of investors who filed the case.

10/13/2023

Terraform Labs Seeks Citadel Data to Defend Against SEC Fraud Lawsuit, Alleges Firm Contributed to UST Stablecoin Collapse

Terraform Labs has filed a motion in court, urging the judge to compel Citadel Securities to provide trading data relating to the collapse of its stablecoin, TerraUSD, in May 2022, claiming that Citadel played a role in intentionally causing the depegging of the cryptocurrency.