Terraform Labs

The decision came a few hours after both the defense and the lawyers representing the SEC gave their closing arguments

The legal back and forth around Do Kwon’s extradition hit another speed bump

Terraform Labs and the SEC are expected to head to trial later this month

Do Kwon may be extradited to South Korea, and US authorities are reportedly unhappy about it

The SEC’s civil trial against Kwon is scheduled to kick off in New York on March 25, with or without the defendant

In December, after his extradition to the US was ordered and approved, Kwon appealed the decision in Montenegro court and initially won before the court reversed the decision

A decision on former CEO Do Kwon’s extradition has yet to be made

Terraform plans to appeal an earlier summary judgment from Judge Rakoff pending the trial outcome

The company called the filing a “strategic step” ahead of its trial

The SEC, in a Wednesday filing, said the recent Terraform ruling is relevant in its case against Binance

The judgment represents an SEC victory ahead of a formal trial

Do Kwon faces extradition requests from both the US and South Korea

Montenegro plans to extradite Do Kwon to the US over South Korea, the Wall Street Journal reports

The regulator argued that the status of securities in the Terraform case is up to the court, not a jury

Both the SEC and the defendants have pushed for summary judgments — albeit for different reasons

In a deposition part of the SEC’s civil suit against Terraform Labs, Jump Crypto president Kanav Kariya avoids answering questions about an alleged back-door deal

In response to a motion to compel from Terraform, Citadel Securities cites their “baseless” theory

Terraform seeks documents from Citadel, alleging there’s a possibility Citadel was involved in the UST depeg

Federal judges in the Southern District of New York disagree on how to apply the Howey test to crypto assets

A judge has denied a motion to dismiss that Terraform filed earlier this month

Terraform lawyers also asked the court overseeing the FTX case if they can issue subpoenas to gather wallet information in its case against the SEC

Coinbase also hired a Biden alum to head up its policy communications

Could Do Kwon return to Terra? The new interim CEO seems more than open to it, no matter when that might be

South Korean authorities indicted Daniel Shin in April on fraud charges