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Do Kwon has been summoned by the SEC for an in-person interrogation. Kwon and his legal representatives filed a petition to dismiss the request

The legal representatives of Do Kwon, the co-founder of Terraform Labs, have approached a federal court with a plea to prevent the United States Securities and Exchange Commission (SEC) from interrogating him on American soil regarding the failure of the Terra ecosystem. A recent filing on September 27 revealed that Kwons attorneys argued that its infeasible for the SEC to question him stateside before October 13.

Kwon is not eager to leave Europe, as American lawmakers are prepared to ask inconvenient questions.

The legal team defending Do Kwon, the co-founder and former CEO of Terraform Labs, argues that the U.S. Securities and Exchange Commission (SEC) lacks the capacity to depose Kwon, deeming it an “impossible” feat.

As Bitcoin grapples with short-term volatility in recent weeks, crypto-swing traders have been diversifying into altcoins, showing strong breakout potential. Notable choices among traders have included Chainlink (LINK) and the Terra LUNA ecosystem.

Lawyers argue that facilitating Kwon's presence in the U.S. is impossible. His detention in Montenegro hinders written testimony to the SEC, violating his due process rights.

The legal team representing Do Kwon, the former CEO of Terraform Labs, has firmly declared that the United States Securities and Exchange Commission's (SEC) demands for his deposition are impractical

“Challenging the SEC's request for his interrogation within the United States, Terraform Labs co-founder, Do Kwon, and his legal counsel have approached a federal court.

Terraform Labs co-founder Do Kwon has opposed the U.S. SEC's extradition request due to his detention in Montenegro.

Kwon's legal representation strongly opposes his testimony before U.S. authorities. As per his legal team's stance, the extradition to the U.S. is deemed an impossibility.

With the volatile overall market, altcoins like Terra are gaining momentum to reclaim higher levels. The LUNA coin price has shown remarkable growth over the past few days to complete the rounding bottom pattern and exceed the 50-day EMA.

The Terra Classic (LUNC) ecosystem is experiencing a surge in bullish momentum, closely following the upward trajectory of its sister project, Terra LUNA. Recent market data from Binance-backed Coinmarketcap reveals a remarkable 214 percent increase in Terra Classic LUNC's 24-hour trading volume, reaching approximately $59 million.

The Securities and Exchange Commission (SEC) is seeking to depose Terraform Labs co-founder Do Kwon in the U.S. by Oct. 13, according to a legal filing reviewed by CryptoSlate. This comes despite Kwon currently being detained in Montenegro pending potential extradition.

Lawyers representing imprisoned Terraform Labs co-founder Do Kwon have urged a US federal court to reject a request from the SEC to question Kwon in America by October 13.

The SEC filed a lawsuit in February 2023 against Terraform Labs, saying that the company had misled investors about the soundness of its TerraUSD stablecoin. Since the case's upcoming discovery deadline, October 13, is knocking on the door, the SEC is now more determined than ever to interrogate Kwon personally.

The Terraform Labs co-founder has pushed back against the SEC's request to question him in the United States.

The legal team of Terraform Labs former CEO Do Kwon declares that the United States Securities and Exchange Commission (SEC) deposition request is not viable.

Lawyers representing Do Kwon, the former CEO of Terraform Labs, have pushed back against the U.S. Securities and Exchange Commission's (SEC) bid to depose him on American soil. The legal team argues that Kwon's current detainment in Montenegro makes it impossible for him to comply with the SEC's request.

Do Kwon, the founder of Terra Labs, is embroiled in a battle against the Security and Exchange Commission (SEC). The SEC is making concerted efforts to extradite him to the United States.

The legal defense for Terraform Labs submitted a court filing that aims to show that its former CEO, Do Kwon, cannot be extradited to the United States. In a Sept.

Terraform Labs founder Do Kwon has firmly contested the U.S. Securities Exchange Commission's (SEC) bid to interrogate him within the United States concerning the tumultuous downfall of Terra and Luna stablecoins.

A court should oppose the SEC's move to take former Terra CEO Do Kwon's deposition in the U.S. because he is detained, his lawyers argued.

The TerraUSD creator opposes the SEC's attempts to bring him back to the U.S. for questioning about his failed stablecoin projects.

Over the past week, the Terra Luna ecosystem has taken the altcoin market by storm, with both LUNA and LUNC experiencing remarkable surges. Traders are becoming more bullish as these altcoins break several resistance levels in quick succession, indicating a comeback in buying interest.