Terraform Founder Do Kwon Found Liable in SEC's Crypto Fraud Trial

Friday, 5 April 2024, 22:14
A jury in Manhattan has found Terraform Labs and its founder Do Kwon liable on civil fraud charges, supporting the SEC's allegations of misleading investors before their stablecoin's collapse in 2022, which rattled the cryptocurrency markets. The verdict highlights the significance of regulatory oversight in the digital asset space and emphasizes the potential repercussions for misconduct in the crypto industry.
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Terraform Founder Do Kwon Found Liable in SEC's Crypto Fraud Trial

Overview:

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

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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