SEC opposes Terraform’s $166M Dentons retainer amid legal battle

SEC legal battle with Terraform Labs over TerraUSD collapse continues to unfold. Funds allegedly diverted from investors and creditors to an “opaque slush fund” for lawyers. Terraform Labs faces intensified scrutiny as the SEC challenges the allocation of resources. The U.S. Securities and Exchange Commission (SEC) has raised objections to Terraform Labs’ allocation of a […] source: https://coinjournal.net/news/sec-opposes-terraforms-166m-dentons-retainer-amid-legal-battle/