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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 States , South Korea , Louis Pellegrino , Laura Meehan , Jed Rakoff , Gurbir Grewal , Exchange Commission , Division Of Enforcement , Singapore Based Terraform Labs , Judge Jed Rakoff , Enforcement 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 Korea , Louis Pellegrino , Laura Meehan , Exchange Commission , Singapore 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 Korea , Laura Meehan , Louis Pellegrino , Exchange Commission , Singapore Based Terraform Labs ,