Terraform Labs Refutes SEC's Allegations of $166 Million 'Dark Money' Payment

According to PANews, Terraform Labs has denied allegations made by the U.S. Securities and Exchange Commission (SEC) that it paid $166 million to Dentons U.S. LLC as a special legal advisory fee, calling it an 'unsettling example' of government overreach in documents submitted to a Delaware court. Terraform Labs claims that the SEC's real motive is to divert its attention before the upcoming trial on March 25th and points out that the SEC's allegations regarding Dentons' retainer fees include incorrect legal interpretations and false claims.