News Explorer — Terraform Labs and Do Kwon Ask Judge to Dismiss SEC Case

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Oct 30, 4:54 pm

Coindesk

Terraform Labs and Do Kwon Ask Judge to Dismiss SEC Case

Terraform Labs and its co-founder, Do Kwon, are seeking a federal judge's support in the SEC fraud case, claiming that the regulator has failed to prove that the company offered securities. Terraform argues that after two years of investigation and extensive discovery, the SEC has not provided sufficient evidence of wrongdoing. The company is also challenging the SEC's use of expert opinions in the case.

Terraform Labs and its co-founder, Do Kwon, are seeking a federal judge's support in the SEC fraud case, claiming that the regulator has failed to prove that the company offered securities. Terraform argues that after two years of investigation and extensive discovery, the SEC has not provided sufficient evidence of wrongdoing. The company is also challenging the SEC's use of expert opinions in the case.

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