
Terra’s Do Kwon Refuses to Comply with SEC’s Request for Singaporean Records
Do Kwon, the co-founder of Terra, has suffered a setback in his legal battle against the US Securities and Exchange Commission (SEC). United States District Judge Jed Rakoff has denied Kwon’s request to block the SEC from accessing records from the Monetary Authority of Singapore (MAS). Kwon is facing pressure from regulators and legal battles across the world, including his recent arrest in Montenegro. Prosecutors are investigating the source of funding for a Seoul-based law firm, Kim & Chang, which may result in further legal repercussions for Kwon. Additionally, South Korean prosecutors claim that Kwon converted illicit funds from LUNA