Do Kwon Loses Bid to Block SEC From Seeking Singapore Records

The SEC can seek records from the Singapore Monetary Authority as part of the US regulator’s lawsuit against Terraform Labs and founder Do Kwon, a judge ruled.

US District Judge Jed Rakoff at a hearing on Friday denied Kwon and Terraform’s request for an order forcing the Securities and Exchange Commission to withdraw its request for documents in the Singaporean regulator’s possession from the defendants and Luna Foundation Guard, a fund established to raise money for the sole purpose of keeping the TerraUSD stablecoin worth $1, according to court records.

Do Kwon

Photographer: Woohae Cho/Bloomberg

The SEC sued Kwon and Terraform in ...