Terraform Labs and Do Kwon Held Accountable as US Jury Unveils Fraud Verdict
Singapore – A US jury has found Terraform Labs and its founder, Do Kwon, liable for fraud in a case concerning the sale of cryptocurrencies. This verdict comes as regulators around the world are clamping down on fraudulent practices in the crypto industry. The jury concluded that Terraform Labs and Kwon had engaged in deceptive practices, causing significant financial harm to investors. This decision serves as a warning to other cryptocurrency platforms and their operators. The trial focused on the sale of Terraform Labs’ stablecoin, Mirror Protocol, which is backed by real-world assets. Investors alleged … Read more