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Terraform Labs, founder Do Kwon found liable in US civil fraud trial

A Manhattan jury agreed with the US SEC that Terra and Kwon misled investors before their stablecoin's 2022 collapse shocked crypto markets.

South koreaUnited statesLouis pellegrinoLaura meehanGurbir grewalJed rakoffDivision of enforcementExchange commissionSingapore based terraform labsJudge jed rakoffEnforcement director gurbir grewal

Terraform Labs and founder Do Kwon found liable in US civil fraud trial

A jury in Manhattan found Singapore-based Terraform Labs and its founder Do Kwon liable on civil fraud charges on Friday, agreeing with the US Securities and Exchange Commission that they misled investors before their stablecoin’s 2022 collapse shocked cryptocurrency markets.

United statesSouth koreaLouis pellegrinoLaura meehanJed rakoffGurbir grewalExchange commissionDivision of enforcementSingapore based terraform labsJudge jed rakoffEnforcement director gurbir grewal

Terraform Labs and founder Do Kwon found liable in U S civil fraud trial

The SEC accused the company and Kwon of misleading investors in 2021 about the stability of TerraUSD, a stablecoin designed to maintain a value of $1.

South koreaLouis pellegrinoLaura meehanExchange commissionSingapore based terraform labs

Terraform Labs and founder Do Kwon found liable in US civil fraud trial

Terraform Labs and founder Do Kwon found liable in US civil fraud trial
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South koreaLaura meehanLouis pellegrinoExchange commissionSingapore based terraform labs

Jury Begins Deliberations in Civil Fraud Case Against Do Kwon, Terraform Labs

A New York jury has begun deliberations in the SEC’s civil fraud case against Terraform Labs and its co-founder Do KwonThe SEC has accused the def.

Costa ricaSouth koreaNew jerseyUnited statesNew yorkUnited arab emiratesCosta ricanLouis pellegrinoJed rakoffLaura meehanChris amaniDistrict courtSupreme courtExchange commissionTerraform labsDistrict court judge jed rakoff

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