A jury in a U.S. District Court has found Terraform Labs and its co-founder, Do Kwon, liable for defrauding investors in crypto asset securities. The court found earlier that the company and Kwon unlawfully offered and sold crypto asset securities, the Securities and Exchange Commission (SEC), which brought the lawsuit, said in a Friday (April 5) statement. “Terraform Labs and Kwon, its former CEO, deceived investors about the stability of the crypto asset security and so-called algorithmic stablecoin Terra USD, and they further misled investors about whether a popular payment application used Terraform’s blockchain to process and settle payments,” SEC Division of Enforcement Director Gurbir S. Grewal said in the statement.
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GRAM
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Mkt Cap $2.30T
BTC Dom 56.78 %
BTC
$64,997.00
▲ +0.80%
ETH
$1,916.38
▲ +0.60%
USDT
$0.999488
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BNB
$592.34
▼ -0.20%
USDC
$0.999723
▲ +0.00%
XRP
$1.04
▼ -0.60%
SOL
$74.27
▲ +1.60%
TRX
$0.327619
▲ +0.20%
FIGR_HELOC
$1.02
▼ -1.20%
HYPE
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▼ -3.00%
DOGE
$0.07006
▲ +0.90%
USDS
$0.999864
▲ +0.00%
RAIN
$0.012703
▲ +1.40%
LEO
$9.72
▼ -0.30%
ZEC
$509.35
▲ +0.20%
ADA
$0.201696
▲ +0.20%
XMR
$381.06
▲ +3.30%
WBT
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LINK
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XLM
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DAI
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BCH
$216.23
▲ +1.20%
USD1
$0.999909
▲ +0.00%
USDE
$0.999758
▲ +0.00%
GRAM
$1.35
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BTC
$64,997.00
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ETH
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USDT
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BNB
$592.34
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USDC
$0.999723
▲ +0.00%
XRP
$1.04
▼ -0.60%
SOL
$74.27
▲ +1.60%
TRX
$0.327619
▲ +0.20%
FIGR_HELOC
$1.02
▼ -1.20%
HYPE
$54.36
▼ -3.00%
DOGE
$0.07006
▲ +0.90%
USDS
$0.999864
▲ +0.00%
RAIN
$0.012703
▲ +1.40%
LEO
$9.72
▼ -0.30%
ZEC
$509.35
▲ +0.20%
ADA
$0.201696
▲ +0.20%
XMR
$381.06
▲ +3.30%
WBT
$56.22
▲ +0.80%
LINK
$8.23
▼ -0.50%
XLM
$0.163278
▼ -0.50%
DAI
$0.999854
▲ +0.00%
BCH
$216.23
▲ +1.20%
USD1
$0.999909
▲ +0.00%
USDE
$0.999758
▲ +0.00%
GRAM
$1.35
▼ -0.70%
Mkt Cap $2.30T
BTC Dom 56.78 %
BTC
$64,997.00
▲ +0.80%
ETH
$1,916.38
▲ +0.60%
USDT
$0.999488
▲ +0.00%
BNB
$592.34
▼ -0.20%
USDC
$0.999723
▲ +0.00%
XRP
$1.04
▼ -0.60%
SOL
$74.27
▲ +1.60%
TRX
$0.327619
▲ +0.20%
FIGR_HELOC
$1.02
▼ -1.20%
HYPE
$54.36
▼ -3.00%
DOGE
$0.07006
▲ +0.90%
USDS
$0.999864
▲ +0.00%
RAIN
$0.012703
▲ +1.40%
LEO
$9.72
▼ -0.30%
ZEC
$509.35
▲ +0.20%
ADA
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▲ +0.20%
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$381.06
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WBT
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LINK
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XLM
$0.163278
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DAI
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BCH
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USD1
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USDE
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GRAM
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