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Jump Crypto chief pled Fifth over alleged backroom Do Kwon deal

Jump Crypto president Kanav Kariya pled the Fifth nine times during his recently unsealed deposition in the SEC’s case against Do Kwon.

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.

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.