SEC pursues Terraform Labs & Do Kwon, seeks $5.2B penalty. Kwon fights back with $3.5M & $800K counter. SEC aims to oust Kwon, prevent future violations. Legal battle ensues amidst ongoing drama.
EdmundThe Commission filed a motion seeking $5.3 billion in disgorgement and civil penalties after a jury found Terraform Labs and Do Kwon guilty of fraud in a case filed with the SEC.
JinseFinanceThe civil battle between Terraform Labs and the SEC proceeds without Do Kwon, with the trial focusing on fraud allegations.
AlexZenLedger collaborates with April to simplify US cryptocurrency taxation. Integrating into a unified platform, they offer a streamlined tax filing process. Despite challenges, the partnership aims to provide traders with a reliable and efficient tax solution.
SanyaHe had previously been arrested at Podgorica airport for using a fake passport, after having been on the run for about a year.
AlexInvestors withdraw class-action lawsuit against Terra and Do Kwon amid ongoing legal battles.
BitcoinworldCEO Amani said it “makes sense” that Terraform Labs continues its operations without Do Kwon.
cryptopotatoTerraform Labs is headquartered and registered in Singapore and this is the first time the country has publicly taken action against Do Kwon and his firm.
CryptoSlateThe U.S. SEC on Thursday charged Do Kwon with securities fraud involving its algorithmic stablecoin Terra USD and the LUNA token.
decryptThe U.S. regulator is investigating whether Terraform used its Mirror Protocol to sell unregistered securities in a case unrelated to the Terra collapse.
Cointelegraph