TechFlow news: A U.S. judge ruled that the Securities and Exchange Commission (SEC) may seek assistance from the South Korean government to question Daniel Shin, co-founder of Terraform Labs, and collect evidence from payment company Chai Corp.
The SEC hopes to depose Shin and obtain documents from Chai to support its lawsuit alleging that Terraform and its former CEO Kwon carried out an illegal scheme that caused at least $40 billion worth of cryptocurrency to vanish.
U.S. District Judge Jed Rakoff said Thursday that the SEC may use procedures under a 1970 treaty governing requests for evidence collection across international borders.
Add to Favorites
Share to Social Media
