June 15 (Reuters) - A U.S. judge considered whether the digital assets created by Terraform Labs were securities at a hearing on Thursday, a question central to the U.S. Securities and Exchange Commission’s fraud case against the company and its founder Do Kwon.
Did do Kwon and terraform labs defraud investors?
REUTERS/Jonathan Ernst/File Photo Feb 16 (Reuters) - The U.S. Securities and Exchange Commission has charged crypto developer Do Kwon and his company Terraform Labs with defrauding investors in what the regulator deemed a multibillion-dollar scheme, according to a filing in federal court.
Will terraform labs comply with a US court subpoena?
A US court has ordered the chief executive of collapsed stablecoin operator Terraform Labs to comply with subpoenas from the regulator seeking documents and materials related to the sale of potential unregistered securities.
Who developed terrausd & mirror protocol?
The 30-year-old South Korean was the chief developer of terraUSD, whose collapse last month sent shockwaves through the crypto industry. Mirror Protocol was also developed by Kwon’s Terraform Labs with the hope of bridging traditional finance with crypto. The SEC’s interest in Mirror Protocol predates the collapse.
