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    HomeCrypto Finance

    Breaking: SEC sues Do Kwon and Terraform Labs for fraud

    Crypto Finance
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    Latest News

    The USA Securities and Trade Fee (SEC) has filed a lawsuit in opposition to Terraform Labs and its founder Do Kwon for allegedly “orchestrating a multi-billion greenback crypto asset securities fraud.”

    In a Feb. 16 assertion, the SEC stated Kwon and Terraform provided and bought an “inter-connected suite of crypto asset securities, many in unregistered transactions.” It pointed to its now collapsed algorithmic stablecoin, TerraClassicUSD (USTC) and its related cryptocurrency Luna Basic (LUNC).

    Proceed Studying on Coin Telegraph

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