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Apr 06, 2024 - 15:41
By asia.nikkei.com

Terraform Labs and founder Do Kwon found liable in U.S. civil fraud trial

NEW YORK (Reuters) -- A jury in Manhattan found Singapore-based Terraform Labs and its founder Do Kwon liable on civil fraud charges on Friday, agreeing with the U.S. Securities and Exchange Commission that they misled investors before their stablecoin's 2022 collapse shocked cryptocurrency markets.

The jury delivered the verdict in federal court in the two-week trial after hearing closing arguments earlier in the day.

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Terraform Labs and founder Do Kwon found liable in U.S. civil fraud trial

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Terraform Labs and founder Do Kwon found liable in U.S. civil fraud trial

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