Bitcoin24h $75,377.53-0.84%

Ethereum24h $2,298.32-1.76%

XRP24h $1.42-1.41%

BNB24h $623.69-0.52%

Solana24h $85.17-1.57%

TRON24h $0.3281-1.46%

Dogecoin24h $0.0947-0.80%

Hyperliquid24h $41.17-5.63%

UNUS SED LEO24h $10.29+1.31%

Cardano24h $0.2467-0.90%

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.”

A judge in the SEC v. Terraform case has rejected reasoning from a recent Ripple ruling that differentiated between types of sales.

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