Jump Crypto filed docs confidentially in SEC v. Terraform Labs case
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A federal judge has accepted materials from Jump Crypto Holdings in discovery for the United States Securities and Exchange Commission’s case against Terraform Labs.
In a Nov. 28 filing in the U.S. District Court for the Southern District of New York, Judge Jed Rakoff
In February, the SEC charged Terraform Labs and co-founder Do Kwon for allegedly “orchestrating a multi-billion dollar crypto asset securities fraud.” The case was still ongoing at the time of publication, but both the SEC and Kwon and Terraform Labs filed motions for summary judgment in October.
Authorities in Montenegro arrested Kwon in June for using falsified travel documents, later sentencing the Terraform co-founder to four months in prison. On Nov. 24, a Montenegrin court approved Kwon’s extradition subject to approval by the minister of justice, meaning he may be sent to either the United States or South Korea to face charges.
Magazine: Terra collapsed because it used hubris for collateral — Knifefight
