Terraform Labs and Founder Do Kwon Liable for Civil Fraud
A Manhattan jury reportedly found Terraform Labs and founder Do Kwon liable on civil fraud charges. On Friday, the jury agreed with the SEC that Terraform Labs and Do Kwon misled investors about the stability of TerraUSD.
The SEC vs. Terraform Labs case drew significant interest in 2023. In August 2023, Judge Rakoff criticized the Programmatic Sales of XRP ruling from the SEC vs. Ripple case. In December 2023, Judge Rakoff ruled…
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