Terraform Labs Rebukes SEC Strategy to ‘Distract and Disadvantage’

The United States Securities and Exchange Commission (SEC) is suing Terraform Labs and its founder, Do Kwon, over the May 2022 collapse of Terra. The SEC alleges that spending a substantial sum on lawyers was an effort to evade repaying creditors. Additionally, the SEC opposed Terraform Labs’ $166 million retainer payment to law firm giant Dentons. Terraform Labs Accused of... source: https://beincrypto.com/terraform-labs-sec-strategy-distract-disadvantage/