In a significant legal development, US District Judge Jed Rakoff granted the US Securities and Exchange Commission (SEC) the authority to collaborate with the South Korean government in its probe against Do Kwon’s Terraform Labs co-founder, Daniel Shin, and collect evidence from payments company Chai Corp.
The SEC’s legal challenge against Terraform Labs and its former CEO, Do Kwon, has intensified as it pursues evidence alleging that the duo played pivotal roles in a scheme which reportedly wiped out over $40 billion in cryptocurrency value. According to Bloomberg, Judge Rakoff sanctioned the SEC’s utilization of a process grounded in a “1970 treaty governing requests to gather evidence internationally.”
The legal focus is cast on allegations surrounding the misuse of the blockchain and the TerraKRW stablecoin. The lawsuit alleges that Kwon and this company “faked transactions on their blockchain to seem to be utilizing their technology.”
Court Approves SEC Probe Of Terr
We współpracy z: https://bitcoinist.com/us-court-sec-probe-terra-co-founder-korea/
