US SEC receives access to do Kwon's records from Singapore (report)

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Der berüchtigte Mitbegründer von Terraform Labs hat Berichten zufolge sein Angebot gegen die US-Börsenaufsichtsbehörde SEC verloren. Letzterer darf nun Aufzeichnungen bei der Monetary Authority of Singapore (MAS) einholen, die mehr Details darüber enthalten könnten, wie der 31-jährige Entwickler Luna Foundation Guard verwaltet hat und ob er am letztjährigen Zusammenbruch von LUNA/UST beteiligt war. Zahlreiche Behörden, Wachhunde und Staatsanwälte behaupteten, Kwon sei der Hauptschuldige an dem milliardenschweren Absturz. Er bleibt in Montenegro in Haft, nachdem ihn die örtlichen Behörden im März festgenommen hatten. Die SEC schlägt erneut zu Laut einer aktuellen Bloomberg Abdeckunglehnte der US-Bezirksrichter Jed Rakoff Kwons Antrag ab, die …
The notorious co-founder of Terraform Labs has reportedly lost its offer against the US stock exchange supervisory authority SEC. The latter can now catch up with the Monetary Authority of Singapore (MAS) that could contain more details about how the 31-year-old developer Luna Foundation Guard managed and whether he was involved in Luna/VAT last year. Numerous authorities, wax dogs and prosecutors claimed that Kwon was the main culprit on the billion -dollar crash. He remains in Montenegro after the local authorities arrested him in March. The SEC again concludes the US district judge Jed Rakoff Kwon's application that ... (Symbolbild/KNAT)

The notorious co-founder of Terraform Labs has reportedly lost its offer against the US stock exchange supervisory authority. The latter can now obtain records at the Monetary Authority of Singapore (MAS) that could contain more details about how the 31-year-old developer Luna Foundation Guard managed and whether he was involved in last year's collapse of Luna/VAT.

Numerous authorities, guard dogs and prosecutors claimed that Kwon was the main culprit on the billion dollar crash. He remains in Montenegro after the local authorities arrested him in March.

The SEC strikes again

according to a current Bloomberg Cover rejected the US district judge Jed Rakoff Kwon's application to prevent his data stored at the MAS to check.

The agency allegedly has records of how the Luna Foundation Guard (a non-profit organization behind the collapsed terra ecosystem) was founded and donations collected to keep the value of the algorithmic stable coin-at $ 1.

The asset lost its bond in May 2022 and fell well under his price. Since the native token was closely connected, the users began to shape more luna to stabilize the Fallout. This resulted in an infinite arbitrator loop that finally ended with the fact that the prices of both tokens went to zero.

The meltdown caused colossal losses, and some began to look for the reasons. The US SEC was one of the authorities who claimed that Do Kwon and Terraform Labs were to blame. It stored a complaint in February in which they argued that they had orchestrated a crypto fraud, which led to losses of several billion dollars for investors.

could Kwon spend his life in prison?

The former crypto mogul hesitated to work with the supervisory authorities at the time of the crash, and fled from his homeland. Several sources indicated that his hiding place goals in the past few months, the Seychelles, Russia, Mauritius and Serbien.

Kwon, who had a Red Notice exhibited by Interpol, it was finally last month at the airport of podgorica (the capital Montenegros) They supposedly tried to flee to another country with a fake Costa-Rican passport.

He will probably remain in the Balkans for 30 days before it is delivered to the USA or South Korea. In the event of a guilty verdict in the States, he faces more than 100 years in prison, while the maximum sentence in his home country would be "only" 40 years.

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