SEC: Terraform and Kwon to Pay $4.5 Billion Following Fraud Verdict
June 14, 2024
June 14, 2024
WASHINGTON, June 14 -- The Securities and Exchange Commission issued the following news release on June 13, 2024:
The Securities and Exchange Commission today announced that Terraform Labs PTE, Ltd. and Do Kwon agreed to pay more than $4.5 billion following a unanimous jury verdict holding them liable for orchestrating a years-long fraud involving crypto asset securities that led to massive investor losses when the scheme unraveled.
A nine-day jury trial in April expose . . .
The Securities and Exchange Commission today announced that Terraform Labs PTE, Ltd. and Do Kwon agreed to pay more than $4.5 billion following a unanimous jury verdict holding them liable for orchestrating a years-long fraud involving crypto asset securities that led to massive investor losses when the scheme unraveled.
A nine-day jury trial in April expose . . .