{"id":194277,"date":"2023-09-28T05:38:57","date_gmt":"2023-09-28T05:38:57","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=194277"},"modified":"2023-09-28T05:38:57","modified_gmt":"2023-09-28T05:38:57","slug":"sec-lawsuit-against-terraform-labs-do-kwons-attorney-fights-extradition-request-coinpedia-fintech-news","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/crypto\/sec-lawsuit-against-terraform-labs-do-kwons-attorney-fights-extradition-request-coinpedia-fintech-news\/","title":{"rendered":"SEC Lawsuit Against Terraform Labs: Do Kwon's Attorney Fights Extradition Request – Coinpedia Fintech News"},"content":{"rendered":"

The SEC filed a lawsuit in February 2023 against Terraform Labs, saying that the company had misled investors about the soundness of its TerraUSD stablecoin. Since the case’s upcoming discovery deadline, October 13, is knocking on the door, the SEC is now more determined than ever to interrogate Kwon personally.\u00a0<\/p>\n

Kwon\u2019s Attorney Testifies<\/strong><\/h2>\n

In the September 27, 2023 filing, Kwon Do-Hyung\u2019s lawyer requested the United States District Court, Southern District of New York, to reject the SEC\u2019s extradition request.\u00a0<\/p>\n

Defendant\u2019s Arguments – <\/strong><\/h2>\n

The learned lawyer presents many valid arguments for why the SEC\u2019s request to depose DoKwon in the United States shouldn\u2019t be granted. Some of these points are –\u00a0<\/p>\n

It violates the Court\u2019s Individual Rules 2(a) and 2(b) because the SEC never informed the defendant’s counsel about its intention to seek a preclusion order from the Court. The plaintiff\u2019s counsel also filed the motion as an alternative relief without even being intimidated during the parties\u2019 pre-motion call to the Chamber.\u00a0<\/p>\n

The SEC misrepresents a conversation with Mr. Kwon, claiming he intended to use Chai to create fake transactions on the Terra blockchain. The chat shows Kwon and Daniel Shin discussing linking LUNA tokens to validators and generating transactions between LUNA wallets, not fake Chai transactions. The defendant\u2019s counsel alleges that the SEC’s motion relies on misrepresentations about irrelevant evidence to support its claim of not obtaining discovery from Kwon.<\/p>\n

Hence, concerning the above arguments, the attorney claims that the SEC\u2019s request shall be canceled entirely.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The SEC filed a lawsuit in February 2023 against Terraform Labs, saying that the company…<\/p>\n","protected":false},"author":4,"featured_media":194276,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nSEC Lawsuit Against Terraform Labs: Do Kwon's Attorney Fights Extradition Request - Coinpedia Fintech News - Tokens Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tokenstalk.info\/crypto\/sec-lawsuit-against-terraform-labs-do-kwons-attorney-fights-extradition-request-coinpedia-fintech-news\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEC Lawsuit Against Terraform Labs: Do Kwon's Attorney Fights Extradition Request - Coinpedia Fintech News - Tokens Talk\" \/>\n<meta property=\"og:description\" content=\"The SEC filed a lawsuit in February 2023 against Terraform Labs, saying that the company...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tokenstalk.info\/crypto\/sec-lawsuit-against-terraform-labs-do-kwons-attorney-fights-extradition-request-coinpedia-fintech-news\/\" \/>\n<meta property=\"og:site_name\" content=\"Tokens Talk\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-28T05:38:57+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tokenstalk.info\/wp-content\/uploads\/2023\/09\/SEC-Lawsuit-Against-Terraform-Labs-Do-Kwons-Attorney-Fights-Extradition-Request-Coinpedia-Fintech-News.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tokenstalk.info\/crypto\/sec-lawsuit-against-terraform-labs-do-kwons-attorney-fights-extradition-request-coinpedia-fintech-news\/\",\"url\":\"https:\/\/tokenstalk.info\/crypto\/sec-lawsuit-against-terraform-labs-do-kwons-attorney-fights-extradition-request-coinpedia-fintech-news\/\",\"name\":\"SEC Lawsuit Against Terraform Labs: Do Kwon's Attorney Fights Extradition Request - 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