SEC sues Terraform Labs and Do Kwon for fraud
The US Securities and Exchange Commission (SEC) continues its “cryptocurrency crusade”. The regulator sued Terraform Labs and Do Kwon for “organizing a multi-billion dollar fraud. ” The SEC filing highlights that Do Kwon and his company, Terraform Labs, were offering and selling “an interconnected set of digital securities in illegal transactions.” The regulator noted the collapse of the algorithmic stablecoin UST, the creation of the USTC token and the associated cryptocurrency LUNC. “Do Kwon and…
