Terra Classic

US SEC Gets Permission to Work with South Korea in Terraform Labs Probe, Including Questioning Co-Founder.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/ef1a1c66abae428bb17c4790b618932f.gif" />Ad. Participate in Trigoz Airdrop &amp; Get $50 worth of OZ Tokens Free <a href="https://docs.google.com/forms/d/e/1FAIpQLSciKgFf70x1zJQZ2nukipsu8lX_21zHvrPbxPTMdmTmEC-CJg/viewform" rel="noopener noreferrer nofollow">Join Now</a>A US judge has allowed the Securities and Exchange Commission (SEC) to work with the South Korean government in investigating a case involving Terraform Labs co-founder Daniel Shin and Chai Corp, a payments company.<h2 id="header-0">Spotlight Shifts to Co-Founder Daniel Shin:</h2>The SEC is gathering evidence from Daniel Shin and documents from Chai Corp as part of their efforts to strengthen their case against <a href="https://cryptosheadlines.com/kwon-terraform-labs-withdraw-millions-after-terra-luna-crisis/" rel="noopener noreferrer nofollow">Terraform Labs and former CEO Do Kwon</a>. The lawsuit <a href="https://cryptosheadlines.com/irs-files-44-billion-claims-in-ftx-bankruptcy-proceedings/" rel="noopener noreferrer nofollow">claims a scheme led to a loss of over $40 billion</a> in crypto value. The SEC’s approach is supported by a 1970 treaty for international evidence collection.Do <a href="https://cryptosheadlines.com/terra-founder-do-kwon-may-face-extradition-to-south-korea-says-wsj/" rel="noopener noreferrer nofollow">Kwon is facing legal troubles in the US and South Korea</a>, as well as the SEC’s complaint. Both Kwon and Terraform didn’t oppose the <a href="https://cryptosheadlines.com/binance-ceo-cz-dismisses-secs-request-for-emergency-relief-as-unwarranted/" rel="noopener noreferrer nofollow">SEC’s request</a> for evidence, and they’re presenting their own evidence for their defense<a href="https://cryptosheadlines.com/judge-rakoff-allows-sec-to-investigate-terra-co-founder/" rel="noopener noreferrer nofollow">. Read More...</a>

Judge Rakoff Allows SEC to Investigate Terra Co-Founder

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