Terraform Labs’ defense team says extraditing Do Kwon to the U.S. for SEC testimony is ‘impossible’

The ineligible defence for Terraform Labs submitted a tribunal filing that aims to amusement that its erstwhile CEO, Do Kwon, cannot beryllium extradited to the United States.

In a Sept. 27 filing, the defense’s ineligible squad noted that the U.S. Securities and Exchange Commission (SEC) intends to depose Kwon to the U.S. anterior to Oct. 13. If the SEC were successful, Kwon would supply grounds successful the securities case.

However, lawyers stated that specified an quality is “impossible” arsenic Kwon is being held successful Montenegro without a scheduled merchandise oregon extradition date.

Defense lawyers additionally asked the tribunal to cull the SEC’s alternate petition for relief. If successful, that petition would preclude Terraform Labs from submitting a connection from Kwon connected summary judgment. Lawyers said that this would interruption tribunal rules due to the fact that the SEC did not antecedently question support to get specified an order, and due to the fact that neither enactment has filed a summary judgement question contempt a looming deadline.

Finally, lawyers said that the SEC has mischaracterized grounds successful bid to prejudice Kwon. The SEC claims that online treatment logs amusement that Kwon intended to usage Chai, a Korean outgo app, to make fake on-chain Terra transactions.

Defense lawyers importune that the speech successful question really concerns the staking of LUNA to validators and the procreation of transactions betwixt LUNA wallets.

Multiple authorities mean to complaint Kwon

Kwon was antecedently arrested successful Montenegro. In June, helium was sentenced to 4 months imprisonment implicit forged question documents. Authorities successful the U.S. and South Korea separately question to enforce charges against Kwon related to his alleged wrongdoing wrong the discourse of his Terra and Luna crypto projects.

The SEC’s lawsuit concerns some Kwon and his erstwhile company, Terraform Labs. The bureau initiated that civilian lawsuit successful February contempt Kwon’s lack from the U.S.

Reports from March suggest that Kwon separately faces transgression charges from the Department of Justice (DOJ), erstwhile again wrong the United States.

The station Terraform Labs’ defence squad says extraditing Do Kwon to the U.S. for SEC grounds is ‘impossible’ appeared archetypal connected CryptoSlate.