Lawyers of Terra (LUNA) founder Do Kwon demanded that the case filed by the SEC be rejected and that the process come to a conclusion without further prolongation.
Lawyers of Do Kwon, who continues to be detained in Montenegro, appealed to the US Securities and Exchange Commission (SEC). lawyers, two years ongoing investigation, More than 20 emoticons And more than two million pages of the document While stating that he could not satisfy the SEC, he asked the court to your accusations to be lowered and one of the cases to summary judgment He asked to be connected.
SEC says stablecoin collapsed last February Terra USD (UST) issuer company Terraform Labsand the company’s founder, Do Kwon, for multiple crimes. case had opened.
Throughout this entire process, the SEC Kwon And Terraform Labs Lawyers stated that they could not prove that the front was selling unregistered securities and requested that the court process be given a summary judgment and not proceed with a longer hearing process.
Hearing the case in the Southern District of New York Judge Jed Rakoffhad previously rejected a request from Do Kwon’s lawyers to drop the case.
The lawyers, who specifically stated that they did nothing wrong in their statements, said that the LUNA bankruptcy FTX And Celsius He also argued that comparing it to bankruptcies such as this is erroneous.
Additionally, contrary to what is claimed, neither Kwon nor the Terraform Labs team handled customer funds. Switzerland It was emphasized that he did not smuggle it into banks:
In a more outrageous example, in a transparent attempt to liken this case to FTX, Celsius, and other cases involving the theft of customer funds, the SEC alleges that we secretly moved millions of dollars into Swiss bank accounts for personal gain.
In a statement made at the end of September, lawyers in Montenegro Do Kwon, who was detained indefinitely, was brought to the USA It would be impossible for him to testify. he had defended.