Published 4 months ago

Terraform Labs must face US SEC fraud allegations, judge rules

Summary by Ground News

U.S. District Judge Jed Rakoff denied their motion to dismiss allegations. Terraform Labs and its founder Do Kwon were behind two cryptocurrencies. TerraUSD, also known as UST, slipped below its 1:1 dollar peg in May 2022. Prior to its collapse, TerraUSD had a market cap of more than $18.5 billion.

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Channel News Asia

Terraform Labs must face US SEC fraud allegations, judge rules

NEW YORK : Terraform Labs and its founder Do Kwon must face fraud allegations brought by the U.S. Securities and Exchange Commission, a federal judge in Manhattan ruled on Monday.Kwon and Terraform Labs were behind two cryptocurrencies whose implosion roiled crypto markets around the world last year. U.S.

4 months ago·Singapore

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WTVB

Terraform Labs must face US SEC fraud allegations, judge rules

(Corrects paragraph 7 to Terraform Labs case instead of Ripple case) By Jody Godoy NEW YORK (Reuters) -Terraform Labs and its founder Do Kwon must face fraud allegations brought by the U.S. Securities and Exchange Commission, a federal judge in Manhattan ruled on Monday. Kwon and Terraform Labs were behind two cryptocurrencies whose implosion roiled crypto markets around the world last year. U.S. District Judge Jed Rakoff denied their motion to …

4 months ago

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