SEC Cracks Down On Terraform Labs and Co-Founder For Alleged Investor Fraud

The post SEC Cracks Down On Terraform Labs and Co-Founder For Alleged Investor Fraud appeared first on Coinpedia Fintech News The U.S. Securities and Exchange Commission (SEC) has filed a […]

The post SEC Cracks Down On Terraform Labs and Co-Founder For Alleged Investor Fraud appeared first on Coinpedia Fintech News
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Terraform Labs and its co-founder, Do Kwon, for allegedly deceiving investors. The complaint accuses the company of misleading investors about various aspects, including the usage of its stablecoin, TerraUSD, for payments. The SEC claims that Terraform and Kwon committed fraud, sold unregistered securities, …