Terraform Labs vs. SEC Civil Battle Proceeds Despite Do Kwon's Absence
The civil battle between Terraform Labs and the SEC proceeds without Do Kwon, with the trial focusing on fraud allegations.
AlexThe civil battle between Terraform Labs and the SEC proceeds without Do Kwon, with the trial focusing on fraud allegations.
AlexThe SEC accuses Terra and Do Kwon of fraud in a legal showdown, supported by sealed evidence from an anonymous whistleblower. The case, overseen by Judge Rakoff, carries extradition threats, criminal charges, and reflects the growing regulatory challenges in the cryptocurrency industry.
Cheng YuanSEC lawyers previewed a likely appeal to overturn portions of last week’s Ripple Labs in a separate enforcement case against TerraUSD and Luna creators Do Kwon and Terraform Labs.
TheBlockHe also asserted that the person he was caught with was innocent.
cryptopotatoTerraform Labs’ co-founder Do Kwon’s lawyers are arguing that the United States SEC has violated the law with its actions against the company.
BeincryptoOverall, charges against Kwon center around securities fraud, conducting an unregistered securities offering, and further securities violations.
FinboldThe U.S. SEC on Thursday charged Do Kwon with securities fraud involving its algorithmic stablecoin Terra USD and the LUNA token.
decryptAfter recently entering Serbia, Terra founder Do Kwon transferred 9.64 BTCS (then worth nearly $190,000) from the LFG wallet to the Binance wallet on November 8. This is the first time that on-chain data has captured Do Kwon's exchange of bitcoins for cash, such as dollars, while he was on the run.
OthersThe U.S. regulator is investigating whether Terraform used its Mirror Protocol to sell unregistered securities in a case unrelated to the Terra collapse.
CointelegraphDo Kwon's co-founder and CEO of TerraForm Labs recently announced the Terra revival plan and received mixed reactions; many of ...
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