Apr 5, 10:00 PM

Jury Finds Do Kwon, in Montenegro, and Terraform Labs Liable for SEC Fraud

Jurors have begun deliberations in the SEC's civil fraud case against Do Kwon and Terraform Labs, with a verdict finding them liable for fraud. The case, which has drawn significant attention, involves allegations of Terraform Labs and its co-founder Do Kwon, who is currently in Montenegro, misleading investors. The SEC argued that Terraform Labs was 'built on lies,' a claim substantiated by the jury's decision. The trial has been notable for the absence of Do Kwon from the proceedings and the legal classification of Luna as a stock. This verdict is part of a broader scrutiny of crypto entities by regulatory bodies, highlighting ongoing tensions between the crypto industry and financial regulators.

#SEC #Do Kwon #Terraform Labs #Montenegro #Luna

Written with ChatGPT (GPT-4).