A US jury finds Terraform Labs and Do Kwon liable for fraud in a US SEC lawsuit, boosting SEC's efforts to assert greater control over the crypto industry
- Terraform 2022 failure wiped out $40 billion in investor funds — Kwon criminal trial on hold over extradition from Montenegro
Bloomberg
Related Coverage
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- Montenegro top court sends Do Kwon extradition case back to lower court, justice minister DL News · Mike Millard
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- Terraform co-founder Do Kwon found liable for civil fraud: reports The Block · Sarah Wynn
- New York Jury Finds Do Kwon, Terraform Labs Liable for Fraud in SEC Case CoinDesk · Cheyenne Ligon
- Do Kwon, Terraform Labs found liable for fraud in SEC case: Reports Blockworks · Katherine Ross
- Terra Founder Do Kwon Found Liable for Fraud in SEC Lawsuit Decrypt · Ryan Ozawa
- Terraform Labs was ‘built on lies’ — SEC at trial Cointelegraph · Turner Wright
- Terraform Labs Found Liable for Fraud by SEC The Crypto Times · Gabriel Mael
- Proud of this entire team and all the incredible folks I get to call colleagues! This is accountability and investor protection: https://lnkd.in/... Gurbir Grewal
Discussion
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@zguz
Zack Guzmán
on x
TERRA STATEMENT: “We are very disappointed with the verdict, which we do not believe is supported by the evidence. We continue to maintain that the SEC does not have the legal authority to bring this case at all, and we are carefully weighing our options and next steps.”
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@secgov
@secgov
on x
Today, after a nine-day trial, a jury in the United States District Court for the Southern District of New York found Terraform Labs PTE Ltd. & Do Kwon liable for defrauding investors in crypto asset securities. More: https://www.sec.gov/... [image]
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@web3isgreat
@web3isgreat
on x
Do Kwon and Terraform Labs found liable for $40 billion fraud April 5, 2024 https://www.web3isgoinggreat.com/ ... [image]
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@fatmanterra
FatMan
on x
It was a hard fight, but incredibly happy to see the Terra fraud formally proven in a court of law. Now it's time for jail time for Do Kwon, Kanav Kariya, Bill DiSomma, Chris Amani, and everyone else involved with the Terra scam, as well as clawbacks and restitution for victims.
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@greenpeace06_09
@greenpeace06_09
on x
Jury sheets are the closest you can get to seeing inside the mind of the jurors. “RECKLESSLY” “INTENTIONALLY.” Powerful words by the jury. Whether you agree with this decision or not, these words clearly show that the punishment will be brutal. This is a sad day for crypto #LUNC
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@ben_mckenzie
Ben McKenzie
on x
It took a jury less than two hours to find Do and his co liable for the Ponzi he ran. It took another jury less than 5 hrs to convict SBF. These cases are open and shut. If the crypto industry wants to survive, it must follow the law. https://www.bloomberg.com/...
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@caspiancey
H.E. Cas Piancey
on x
Steady lads
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r/ethtrader
r
on reddit
Do Kwon and Terraform Labs Found Liable for Fraud in SEC Trial