Terraform Labs Founder Faces Legal Issues with SEC Over In-Person Interrogation and Extradition Challenges

Terraform Labs founder Do Kwon is facing legal issues with the U.S. Securities and Exchange Commission (SEC). According to chat transcripts filed in court by the SEC, Kwon allegedly said, "I won't tell if you won't ;-)." Kwon's lawyers argue that the SEC lacks the capacity to depose him, deeming it an "impossible" feat. Kwon has been summoned by the SEC for an in-person interrogation, but he and his legal representatives have filed a petition to dismiss the request. They claim that it is impossible to extradite Kwon to the United States, as he remains detained in Montenegro. Kwon's lawyers are pushing back against the SEC's request for him to give a statement to authorities in Montenegro.