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    <p>Terraform Labs founder Do Kwon has asked a US court to deny the Securities and Exchange Commission’s (SEC) request to question him in the US before mid-October on account of him still being detained in Montenegro.</p>
    <p>Kwon’s legal team claimed in a filing that the <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/sec.html">SEC</a>’s request to grill him over the collapse of the Terra ecosystem is “impossible,” pointing to the fact that he still has no definite release date or scheduled extradition.</p>
    <p>They also object to the idea of Kwon being asked to provide a written testimony, branding it “inconsistent with his right to due process under the United States Constitution.”</p>
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       Do Kwon faces ‘grim’ year in Montenegro jail, lawyer says
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    <p><em>Read more: Explained: <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/sec.html">SEC</a> allegations against <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/do-kwon.html">Do Kwon</a> and <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/terraform-labs.html">Terraform Labs</a></em></p>
    <p>Kwon has, however, thrown the <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/sec.html">SEC</a> a lifeline, stating that he’s not entirely opposed to the idea of a deposition — provided it takes place in Montenegro. <strong>This would involve a Montenegrin court asking <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/question.html">question</a>s on the <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/sec.html">SEC</a>’s behalf</strong>.</p>
    <p>According to Kwon’s lawyers, “… the SEC’s brief says nothing about the location of the deposition, which was the only point of dispute between the parties.”</p>
    <p>The filing adds, “… the SEC asks the Court to grant it leave to take the deposition of a person “confined in prison,” omitting that it intends to notice the deposition to occur <strong>over 4,500 miles away from the jail in which Mr. Kwon is detained</strong> by a foreign sovereign.</p>
    <p>However, despite this seeming compromise, the <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/sec.html">SEC</a> says that such an arrangement may be “inadequate” and says it may seek another deposition in the US after the discovery cut-off period.</p>
    <p>The SEC alleges that Terraform Labs and Kwon defrauded investors in a scheme involving multiple unregistered securities. It also points toward Kwon and Terraform’s efforts to <strong>create, advertise, and maintain the unsustainable lending protocol Anchor</strong>.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/do-kwon-says-sec-can-question-him-as-long-as-it-happens-in-montenegro-tbt64377.html">https://thebittimes.com/do-kwon-says-sec-can-question-him-as-long-as-it-happens-in-montenegro-tbt64377.html</a></p>

Do Kwon says SEC can question him — as long as it happens in Montenegro

TheBitTimes

Other articles published on Sep 28, 2023

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