Do Kwon

In a shocking turn of events, the Securities and Exchange Commission (SEC) has taken on a new task - taking down the "Terra-rists" behind the failed TerraUSD stablecoin. The commission alleges that "Do Kwon" and his team at "Terraform Labs" misled investors with their claims of stability and security. According to the SEC, Terraform and Kwon were not honest about who was using TerraUSD for payments and referred to both the yield-bearing Anchor Protocol and the LUNA token as "crypto asset securities." The commission has charged Terraform and Kwon with fraud, selling unregistered securities, selling unregistered security-based swaps, and other related claims. "Terraform and Kwon also misled ...View all