US SEC Pursues $5.3B Judgment Against Terraform Labs and Do Kwon
The US SEC has filed a motion against Terraform Labs and its co-founder, Do Kwon, seeking billions of dollars in disgorgement and civil penalties.
Key Takeaways Terraform Labs, currently in the midst of Chapter 11 bankruptcy proceedings, has revealed its strategic move to employ bankruptcy protection as a means to mount a “do-or-die” appeal against the U.S. Securities and Exchange Commission (SEC). In a…
Key Takeaways Amidst the ongoing legal saga involving Do Kwon, the former CEO of Terraform Labs, a recent development has seen his legal counsel request a delay in the Securities and Exchange Commission (SEC) trial. The reason behind this request…