Do Kwon, co-founder of Terraform Labs, has rejected the significance of exposed Slack messages that were presented as evidence in a recent court filing by the United States Securities and Exchange Commission (SEC). The chat between Kwon and co-founder Daniel Shin involved discussions about manipulating transactions to attract investors to Chai Corporation, a payments provider based in Seoul.

The SEC included the Slack conversation in the filing, which dates back to September 2019. The messages reveal that Kwon and Shin were brainstorming tactics to increase investor interest, with Kwon suggesting the creation of fake transactions. According to the leaked messages, Kwon intended for the fake transactions to generate fees and gradually phase them out as Chai grows.

Kwon, however, refutes the evidence against him, claiming that it was taken out of context. His legal team argues that the discussions were about staking LUNA tokens with validators rather than creating counterfeit Chai transactions. They accuse the SEC of misrepresenting irrelevant evidence to prejudice Kwon.

In the ongoing legal battle, Kwon’s lawyers are also pushing for a U.S. federal court to reject the SEC’s request to extradite him to the U.S. over the collapse of the Terra ecosystem. They argue that this request is impossible as Kwon is currently detained in Montenegro with no scheduled release date due to a conviction for passport fraud.

Summary

Do Kwon, co-founder of Terraform Labs, dismisses the significance of exposed Slack messages that were presented as evidence by the SEC. The messages reveal discussions about manipulating transactions to attract investors to Chai Corporation, a payments provider based in Seoul. Kwon’s legal team argues that the messages were taken out of context and that they were actually discussing staking LUNA tokens with validators. Additionally, Kwon’s lawyers are pushing for the rejection of the SEC’s request to extradite him to the U.S. following the collapse of the Terra ecosystem.

FAQs

What are the Slack messages about?

The Slack messages between Do Kwon and Daniel Shin involve discussions about manipulating transactions to attract investors to Chai Corporation.

What evidence did the SEC include in the filing?

The SEC included the Slack conversation between Kwon and Shin in the recent court filing as evidence of the discussions about manipulating transactions.

How does Do Kwon refute the evidence?

Kwon’s legal team claims that the Slack messages were taken out of context and that they were actually discussing staking LUNA tokens with validators, not creating counterfeit Chai transactions.

What is the current legal battle involving Do Kwon?

Do Kwon’s lawyers are pushing for a U.S. federal court to reject the SEC’s request to extradite him to the U.S. over the collapse of the Terra ecosystem. They argue that this request is impossible as Kwon is detained in Montenegro with no scheduled release date due to a conviction for passport fraud.