New York Jury Finds Do Kwon, Terraform Labs Liable for Fraud in SEC Case

NEW YORK – A Manhattan jury has found Terraform Labs and its co-founder, Do Kwon, liable on civil fraud charges brought by the U.S. Securities and Exchange Commission (SEC) in connection with the $40 billion implosion of the Terra ecosystem in May 2022, according to a Friday statement from the SEC.

The SEC accused Terraform Labs and

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