Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
Do Kwon, a South Korean businessman and former board member of Terra and Luna, the companies behind the failed stablecoin project, is fighting a request for extradition from the United States Securities and Exchange Commission (SEC). The SEC had requested the extradition of Kwon in August, claiming that he was an integral part of a scheme that cost investors over $27 million in recovered and frozen assets. Kwon is accused of lying to investors, misappropriating funds from the company, and for failing to disclose his stake in the company. Kwon maintains his innocence and has filed an appeal against the SEC’s extradition request. The Seoul Central District Court has yet to make a ruling on the matter.