Claim CardJust-In: Terra Do Kwon Hires Top Law Firm For His Defense In US Lawsuit
Terra co-founder Do Kwon has reportedly hired world’s largest law firm Dentons to help him deal with prosecution and investigation by US federal prosecutors.
It’s not the first time Do Kwon is represented by Dentons. He hired lawyers from Dentons many times for his legal defense to challenge subpoenas and lawsuits.
Do Kwon Brings Dentons Law Firm to Defend Against US Lawsuit
Terra co-founder Do Kwon currently facing a passport forgery case in Montenegro had his bail revoked by the court after prosecutors challenged the bail for house arrest due to flight risk and bail amount.
Amid rising talks on his extradition, Do Kwon has hired Dentons law firm to represent him in lawsuits and investigations in the US, reported Digital Asset on May 29. Dentons ranks sixth in the 2023 ranking of global law firms and the world’s largest law firm in terms of lawyers.
The US Securities and Exchange Commission sued Do Kwon and Terraform Labs in February on accusations of fraud and selling unregistered securities. In March, the U.S. District Attorney’s Office for the Southern District of New York indicted Do Kwon on eight charges, including securities fraud, wire fraud, commodities fraud, and conspiracy.
Dentons represented Do Kwon earlier to challenge the US SEC subpoena in its investigation of Mirror Protocol in 2021 and a class action lawsuit in the Singapore High Court in 2022. The law firm also represents Terra in other lawsuits.
Also Read: Project Burns LUNC For Edward Kim AI Chain “Block Entropy” Testnet Token
Legal Actions Against Terra Executives Rising
South Korea prepares for Do Kwon’s extradition as prosecutors claim the country has more evidence and cases against Do Kwon. Terraform Labs and Do Kwon have withdrawn crypto worth millions in May.
Meanwhile, Terra co-founder Daniel Shin will appear at the Seoul Southern District Court for his first trial soon. Daniel Shin has hired a team of 30 lawyers for his defense, including a prosecutor who previously investigated the Terra-LUNA crises.
Also Read: SHIB News: Shiba Inu Burn Rises 1500% Amid Price Rally Anticipation
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Hong Kong Set to Launch Tokenized Bond Platform and Issue First Stablecoin Licenses
- US Senator Launches Probe Into Binance After Fortune Report on Sanctions Violations
- CLARITY Act Odds, Bitcoin Drop as Trump Skips Crypto in State of the Union Speech
- Tokenized Stock Market Gains Boost as Kraken and Binance Launches New Products
- Peter Schiff Casts Doubt on Bitcoin Rally Ahead of Trump’s SOTU Speech
- Cardano Price Signals Rebound as Whales Accumulate 819M ADA
- Sui Price Eyes Recovery as Third Spot SUI ETF Debuts on Nasdaq
- Pi Network Price Eyes a 30% Jump as Migrations Jumps to 16M
- Will Ethereum Price Dip to $1,500 as Vitalik Buterin Continues Selling ETH?
- XRP Price Outlook as Clarity Act Passage Odds Plunge to 53%
- COIN Stock Risks Crashing to $100 as Odds of US Striking Iran Jump
