U.S. District Court Judge Jed Rakoff denied Do Kwon’s request to block the SEC from accessing documents related to Terraform Labs (TFL) and Luna Foundation Guard (LFG) on April 14, according to court filings.
The SEC recently requested the Monetary Authority of Singapore to provide documents related to the aforementioned companies after officially beginning enforcement action against Kwon.
However, Rakoff said the request held no merit and rejected the appeal during a hearing held via a telephone conference. It is unclear whether the Singaporean watchdog has handed over the documents to the SEC as of press time.
Both regulators did not respond to requests for comment.
The SEC case
The SEC filed an official complaint against Kwon and TFL on Feb. 16.
The charges levied against Kwon are myriad and primarily focus on fraud and unregistered securities sales.
According to the regulator, the LUNA cryptocurrency is a security and was illegally issued and promoted by Kwon to investors both w
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