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SEC says Do Kwon’s fraud so obvious that no trial is needed

The SEC’s case against Do Kwon may receive a summary judgement, as both parties have requested to forgo a trial.

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

Kwon’s lawyers also say the idea of him providing a written testimony is “inconsistent with his right to due process.”

The frozen assets were held in digital asset bank Sygnum and belonged to Kwon and other Terraform Labs executives.

Europe Now, projected to win Montenegro’s upcoming elections, has been tarnished with claims that Do Kwon financed the political party.

Do Kwon and former Terra executive Han Chang-Joon will remain in custody for the time being, despite both paying the required $400k bail.