Daily Archives: April 7, 2024, 8:46 am

Terraform founder Do Kwon found liable in SEC’s crypto fraud trial

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. The jury delivered the verdict in federal court after a two-week trial after hearing closing arguments earlier in the day. The SEC accused the…

Read More