• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Do Kwon’s defense crew opposed the SEC’s request

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The attorney for former Terraform Labs CEO Do Kwon has objected to the US Securities Commission (SEC) accepting his client’s testimony.

Do Kwon’s defense crew opposed the SEC’s request. Photo: TechCrunch

Related articles

Richard Heart's trial postponed until next year

Richard Heart’s trial postponed till upcoming 12 months

November 27, 2023
CZ opposed the request to remain in the United States while awaiting sentencing

CZ opposed the request to continue to be in the United States although awaiting sentencing

November 25, 2023

Do Kwon’s defense crew filed a petition in New York court protest request from the US Securities Commission (SEC) relating to the interrogation of the former director of Terraform Labs (the organization that develops the Terra (LUNA) blockchain and the Terra USD (UST) stablecoin)since he is now detained in Montenegro.

Kwon’s attorney argued that the SEC’s extradition request was extremely hard. Source: CourtListener

Last week, the SEC stated the Southern District of New York court ought to permit the commission to query Kwon in the United States. By September 27, the legal crew defended their consumer, saying this was extremely hard since Do Kwon did not even have a release date from Montenegro. Furthermore, they stated that even giving written testimony would be inappropriate underneath the method demanded by US law.

As Coinlive reported, Kwon was arrested in Montenegro in March 2023 and convicted by a nearby court for working with a fake Costa Rican passport to flee the nation. Kwon was later on sentenced to four months in prison. Both the United States and South Korea are in search of Kwon’s extradition.

At the very same time, Terraform Labs and Kwon had been also charged by the SEC in connection with the stablecoin’s surprising algorithmic collapse final 12 months. The committee accused the two Terraform and Kwon of orchestrating the scheme, raising billions of bucks from traders via disguised securities offerings and numerous unregistered trading actions.

On the other hand, Kwon is also dealing with criminal expenses from the US Department of Justice (DOJ).

Conversely, the co-founder of Terraform Labs also intends to re-export and relaunch the task with a new Terra two. guise. However, the Terra Classic neighborhood even now would like to faithfully keep the authentic blockchain, but proposes to halt issuing USTC.

Coinlive compiled

Maybe you are interested:

Join the discussion on the hottest challenges in the DeFi industry in the chat group Coinlive Chats Let’s join the administrators of Coinlive!!!

Tags: DefenseDo KwonKwonsopposedRequestSECSECsteamTerraforming laboratories
Share76Tweet47

Related Posts

Bitcoin ETFs See $157 Million Outflow Ending Inflows Streak

by shark
June 2, 2025
0

The Bitcoin ETFs experience a net outflow of $157 million, ending six-week inflow streaks, reflecting shifts in investor sentiment due...

Nervos Network’s Force Bridge Compromised in $3M Hack

by shark
June 2, 2025
0

Cyvers Alerts reported a hack on Nervos Network's Force Bridge, compromising over $3 million in assets on June 2, 2025.

BitoPro Hack: $11.5 Million Lost in Taiwan

by shark
June 2, 2025
0

BitoPro, Taiwan-based crypto exchange, suffered an $11.5M hack in May 2025, with user fund impacts reported.

US Congress Moves to Introduce New Crypto Legislation

by shark
June 2, 2025
0

US Congress advances CLARITY Act for digital asset regulation, affecting crypto markets and investor confidence.

Singapore’s MAS to Curb Overseas Crypto Activities by 2025

by shark
June 2, 2025
0

Singapore's MAS mandates local crypto firms to halt overseas operations without a DTSP license by June 2025, influencing international markets.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Bitcoin ETFs See $157 Million Outflow Ending Inflows Streak
  • Nervos Network’s Force Bridge Compromised in $3M Hack
  • BitoPro Hack: $11.5 Million Lost in Taiwan
  • US Congress Moves to Introduce New Crypto Legislation
  • Singapore’s MAS to Curb Overseas Crypto Activities by 2025
  • Metaplanet Acquires 1,088 Bitcoin, Total Reaches 8,888 BTC
  • Metaplanet Acquires Additional 1,088 Bitcoins
  • Elon Musk Announces Encrypted XChat on X Platform
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7