SEC Files Motion in Lawsuit Against Terra and Do Kwon: Crypto Assets and Deceptive Offerings Under Scrutiny
The SEC has filed for summary judgment against Terraform Labs and CEO Do Kwon, claiming they conducted a $45 billion fraud by misrepresenting crypto assets as securities. Terraform Labs is fighting back, insisting that their cryptocurrencies do not qualify as securities and denying any misappropriation of funds. Terraform Labs and its chief executive, Do Kwon, […