The SEC filed a lawsuit against Do Kwon and Terraform Labs, accusing them of defrauding buyers of cryptocurrencies TerraUSD and Luna
WASHINGTON—The founder of failed cryptocurrencies TerraUSD and Luna and his company misled U.S. investors who, the Securities and Exchange Commission said Thursday.
The SEC filed a civil fraud lawsuit against Do Kwon and Singapore-based Terraform Labs PTE Ltd in Manhattan federal court, accusing them of misrepresenting the risk of TerraUSD and misleading investors about how Luna was used in South Korea.for Mr. Kwon and a so-called red notice for him from global law-enforcement agency Interpol, effectively putting police agencies worldwide on the lookout for him.
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Breaking: SEC sues Do Kwon and Terraform Labs for fraudThe SEC has filed a complaint alleging Terraform Labs and Do Kwon failed to provide the public with truthful disclosure regarding crypto asset securities, most notably for LUNA and Terra USD.
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SEC charges Terraform Labs and CEO Do Kwon with defrauding crypto investorsThe U.S. Securities and Exchange Commission accuses Singapore-based Terraform Labs, issuer of a crashed stablecoin, and CEO Do Kwon, of fraud.
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SEC Sues Terraform Labs, Do Kwon for Misleading Investors on TerraUSD StablecoinThe SEC is suing Terraform Labs, the company behind the failed TerraUSD stablecoin, and its co-founder Do Kwon for securities fraud. By NelWang
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SEC charges Terra and Kwon with defrauding investorsWhen TerraUSD depegged from the U.S. dollar in May, it kicked off the first big crypto crisis of 2022.
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SEC-retly Failing: How the SEC Is Letting Crypto Down – Op-Ed Bitcoin News'So, why does the SEC keep failing us? One reason could be that they're too focused on small, insignificant cases,' says Bitcoin․com's General Counsel Joseph Collement.
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