The U.S. securities regulator said that Kwon and Terraform offered and sold an “inter-connected suite of crypto asset securities, many in unregistered transactions”.The SEC also alleged that investors were misled about the stability of Terra’s algorithmic stablecoin in 2021, when its peg was restored by “human agents”. Read More
https://cryptogator.co/2023/02/17/sec-charges-do-kwon-and-terraform-labs-with-fraud-4/
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