Do Kwon's Legal Defense: Why He Claims SEC's Deposition Request Is Unfeasible
New York court should oppose SEC's move to depose former Terraform Labs CEO Do Kwon in the U.S., argue Kwon's lawyers
Last week, SEC requested to question Kwon in the U.S., but his lawyers say it's impossible due to his detention
Kwon was detained in Montenegro in March 2023 and found guilty of using a fake passport. He's serving a four-month jail sentence
Both the U.S. and South Korea seek to extradite Kwon, adding complexity to the legal situation
SEC charged Terraform Labs and Kwon in February over Terra USD, an algorithmic stablecoin that collapsed
Terraform and Kwon allegedly raised billions from investors through unregistered crypto asset securities
Algorithmic stablecoins like Terra USD use algorithms to maintain stable prices but faced a crash in May 2022.
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