SEC accuses Terraform Labs of diverting $166 million to legal team ahead of court decisions
The US Securities and Exchange Commission (SEC) accused Terraform Labs of transferring around $166 million to Dentons U.S. LLC, a law firm, under the guise of an Advance Retainer Payment. The SEC views this move as an effort to divert assets from the company ahead of any court decision. While the SEC acknowledges Dentons as...