Terraform Labs Founder Do Kwon Fights SEC Attempt to Question Him in U.S. About Terra/Luna Collapse

Terraform Labs founder Do Kwon opposes SEC's request to question him in the U.S. about Terra/Luna collapse
Kwon's lawyers argue it's impossible to bring him to U.S. since he's detained in Montenegro
They say written testimony would violate Kwon's due process rights under U.S. law
SEC asked court for permission to interview Kwon before discovery cutoff on Oct 13
SEC sued Terraform Labs in Feb, alleges company misled investors about TerraUSD stablecoin

coindesk.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.

10/19/2023

Kwon Denies Jump Trading Stabilized TerraUSD Peg in 2021, Contradicting SEC Experts

Market maker Jump Trading denies restoring Terraform Labs' stablecoin, terraUSD, to its $1 peg in 2021, as the collapse of the stablecoin in 2022 raises legal concerns. The role of Jump Trading in the incident is being scrutinized, as it apparently made significant profits during the ecosystem's downfall, while the U.S. SEC has sued Do Kwon and his company for misleading investors.

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Posted 9/27/2023, 5:50:00 PM