Do Kwon and Terraform Labs ask judge to toss SEC’s lawsuit

Terraform Labs co-founder Do Kwon has requested a United States district judge to reject the securities and fraud suit from the federal securities regulator, claiming it has failed to prove they did anything wrong.

In an Oct. 27

Kwon and Terraform also moved to exclude the opinion of the SEC’s experts including a report from Rutgers University economics professor Bruce Mizrach which they called “junk science.”

Judge Jed Rakoff, who oversees the case, denied Terraform’s earlier attempt to toss the lawsuit.

Kwon is currently detained in Montenegro and has previously asked the court to reject the SEC’s motion to extradite and interview him in the U.S.

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