In this matter, the SEC body recently received regulatory approval from District Judge Jed Rakoff to work with the forces of South Korea to probe further into Terraform Labs and question Daniel Shin, Terraform Labs’ Co-founder.
Shin is the founder of Chai Corp and he founded this company in 2019. Evidence showed that Shin was in a mutual relationship with Terraform Labs, as the two companies distanced from each other officially in 2020. The US SEC is taking that dissociation decision as an important part of the Terra crypto fraud case.
‘Enforcement 40’ for 2020
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn