Do Kwon dismisses Slack chat records as irrelevant evidence

Terraform Labs co-founder Do Kwon has objected to the value of Slack messages provided as proof. These included discussions with his co-founder Daniel Shin about manipulating deals to attract investors.The United States Securities and Exchange Commission (SEC) consisted of the Slack conversation between the 2 co-founders, gone back to September 2019, in a recent court filing.Slack message report between Do Kwon and Daniel Shin. Source: DocdroidThe message report shows that Kwon and Shin were actively conceptualizing techniques to increase financier interest in the Terra blockchain. However, Kwon meant to form deals to make them more attractive:” I can simply produce phony transactions that look real.” Kwon further elaborates that these transactions will create costs and can be slowly phased out as Chia Network (XCH) grows.He then appears to try to make a pact with Shin to keep the strategy private. “I wont tell if you wont,” Kwon specified. He even more asserted that it will be challenging for financiers to reveal the adjustment strategies.” All the power to those that can prove its phony,” he states, including that he will be striving to prevent the plan being exposed:” Because I will attempt my best to make it indiscernable.” Slack conversation between Do Kwon and Daniel Shin on 5/9/2019. Source: DocdroidHowever, Kwon refutes the evidence versus him, declaring it was gotten of context.His legal team claims that Kwon and Shin discussed the possibility of staking LUNA tokens with validators rather than creating counterfeit Chai transactions:” Finally, the SEC misstates evidence in its unjustified effort to bias Mr. Kwon in a procedural motion having nothing to do with the merits (or lack of merit) of the SECs case.”” In other words, the SECs movement relies on misstatements about unimportant evidence to support its spurious claim that it has been unable to get discovery from Mr. Kwon,” Kwons legal representatives added.Related: Do Kwon converted illegal funds from LUNA to Bitcoin: S.Korean prosecutorsMeanwhile, Kwons attorneys are pressing the United States federal court to decline the SECs request to extradite him to the United States over the collapse of the Terra ecosystem.His legal team declared the request as “difficult” due to him being apprehended in Montenegro without any scheduled release date after being condemned of passport fraud.Magazine: Blockchain investigators: Mt. Gox collapse saw birth of Chainalysis