The lawyers representing Terraform Labs and its CEO Do Kwon in the ongoing court case with the US Securities and Exchange Commission (SEC) have pushed against an extradition request of the securities regulator.
In a petition submitted on September 27, the defendants are nudging the court to reject the SEC’s request to transport Do Kwon to the US for questioning over his alleged involvement in the crash of the Terra ecosystem.
Back in February, the SEC filed a lawsuit against Terraform Labs and its co-founder and CEO Do Hyeong Kwon, accusing both parties of orchestrating a multi-billion dollar fraud by promoting investment in an inter-connected suite of crypto asset securities, which included the algorithmic stablecoin TerraUSD (UST) and digital asset LUNA.
SEC’s Request Is Impossible, Do Kwon Lawyers Say
According to their latest petition, the attorneys representing Do Kwon believe the SEC’s request to extradite the Terraform CEO to the US before October 13, the court’s deadl
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