Terraform Labs and its founder Do Kwon are set to face trial on Monday in Manhattan on a regulator s claim that they lied to investors before the collapse of two of the company s cryptocurrencies,. -March 25, 2024 at 06:05 am EDT
- MarketScreener
NEW YORK :Terraform Labs and its founder Do Kwon built a "house of cards" and lied to investors about the stability of a cryptocurrency whose collapse rippled through markets in 2022, a lawyer for the U.S. Securities and Exchange Commission told a Manhattan jury as its civil fraud trial began on Monday.The SE
Terra was a house of cards — SEC in opening statements for civil trial cointelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cointelegraph.com Daily Mail and Mail on Sunday newspapers.
The cryptocurrency entrepreneur Do Kwon will likely miss at least the start of a March 25 civil trial on U.S. Securities and Exchange Commission fraud charges because of a delay in extraditing him from Montenegro, his lawyer said on Monday.
In a letter filed in federal court in Manhattan, Do Kwon s lawyer David Patton said Kwon will not seek to adjourn the trial date, regardless of when he is ultimately extradited. Patton had made a similar pledge in January.