The SEC is suing Terraform Labs, the company behind the failed TerraUSD stablecoin, and its co-founder Do Kwon for securities fraud. By NelWang
Terraform Labs told Bloomberg it has not been contacted by the SEC about the action, while SEC declined to comment to Bloomberg., SEC Director of Enforcement Gurbir Grewal said the project"was neither decentralized, nor finance."
"It was simply a fraud propped up by a so-called algorithmic 'stablecoin' – the price of which was controlled by the defendants, not any code," he said.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Breaking: SEC sues Do Kwon and Terraform Labs for fraudThe SEC has filed a complaint alleging Terraform Labs and Do Kwon failed to provide the public with truthful disclosure regarding crypto asset securities, most notably for LUNA and Terra USD.
Leer más »
SEC charges Terraform Labs and CEO Do Kwon with defrauding crypto investorsThe U.S. Securities and Exchange Commission accuses Singapore-based Terraform Labs, issuer of a crashed stablecoin, and CEO Do Kwon, of fraud.
Leer más »
SEC-retly Failing: How the SEC Is Letting Crypto Down – Op-Ed Bitcoin News'So, why does the SEC keep failing us? One reason could be that they're too focused on small, insignificant cases,' says Bitcoin․com's General Counsel Joseph Collement.
Leer más »
Korean e-commerce exec accused of accepting LUNA for shilling Terra LabsSouth Korean prosecutors reportedly said that the promotions led to the price increase of the Terra Classic token, LUNC.
Leer más »