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TechFlow reports that Terraform Labs and its founder Do Kwon are set to go on trial Monday in Manhattan, as regulators accuse them of lying to investors before the collapse of the company's two cryptocurrencies, LUNA and UST.
However, Do Kwon will not attend the trial.
Previous report, Do Kwon has been placed by Montenegrin authorities in a "reception center" while awaiting the Supreme Court's decision on extradition.
Terraform Labs and its founder Do Kwon are set to go on trial Monday in Manhattan, as regulators accuse them of lying to investors before the collapse of the company's two cryptocurrencies, LUNA and UST. However, Do Kwon will not attend the trial. Earlier reports indicated that Do Kwon has been placed by Montenegrin authorities in a "reception center" while awaiting the Supreme Court's decision on extradition.
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