Do Kwon says SEC's extradition request is impossible

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Do Kwon says SEC's extradition request is impossible
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Do Kwon’s legal team has pushed back on the SEC’s request to depose him in the United States, saying it is impossible due to his detention in Montenegro.

on Feb. 16 for allegedly “orchestrating a multi-billion dollar crypto asset securities fraud.”

Today we charged Singapore-based Terraform Labs PTE Ltd and Do Hyeong Kwon with orchestrating a multi-billion-dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto asset securities.In the lawsuit, the SEC said that Terraform and Kwon “touted and marketed” its Anchor Protocol, which at one point was advertised to pay out 20% interest on USTC deposits. It also alleged Terraform and Kwon misled investors about the stability of Terra’s stablecoin.

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