Page 57 - Terraform Labs News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Attorneys for Terraform Labs and its founder Do Kwon are expected to give closing arguments on Friday at a trial on claims that Terraform and Kwon defrauded investors before the collapse of their stablecoin shocked cryptocurrency markets in 2022. The U.S. Securities and Exchange Commission accuses the Singapore-based company and Kwon of misleading investors in 2021 about the stability of TerraUSD, a stablecoin designed to maintain a value of $1. The regulator also accused them of falsely claiming Terraform's blockchain was used in a popular Korean mobile payment app.

New yorkUnited statesSouth koreaJody godoyStephen coatesExchange commissionTerraform labsJo kwon