New York Jury Finds Do Kwon, Terraform Labs Liable for Fraud in SEC Case: Reports

Jurors agreed with the SEC that Kwon and, below his course, Terraform Labs deceived on a regular basis buyers in regards to the nature of the supposed algorithm that stored UST pegged to the U.S. greenback. Although Kwon insinuated that it may “mechanically self-heal” within the occasion of a de-peg, it truly relied on steady buying and selling exercise, together with large-scale buying and selling finished by institutional buyers.