Terraform Labs to make final arguments to jury at end of civil fraud trial
According to Reuters, lawyers for Terraform Labs and its founder Do Kwon are expected to make closing arguments on Friday against allegations that Terraform and Do Kwon defrauded investors before the UST stablecoin collapsed in 2022 and shocked the crypto market. Lawyers for Terraform and Kwon have previously told jurors that the SEC took statements out of context and relied on witnesses intended to receive whistleblower bonuses. Regulators are seeking civil penalties and a ban on Kwon and Terraform from engaging in securities business. Previously, Do Kwon was arrested in Montenegro in March 2023 and did not attend the trial that began on March 25. The United States and South Korea, where Do Kwon is a citizen, are seeking his extradition on criminal charges.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Nasdaq 100 rebalancing will take effect before the U.S. stock market opens on Monday, SpaceX (SPCX.US) weight significantly rises to 2.82%.
The Nasdaq 100 Index quarterly rebalancing will take effect before the US stock market opens on September 21 (Monday). The main change is that SpaceX (SPCX.US) will see its index weighting significantly increase from about 1.28% to 2.82%.
WTI falls to near $93.50 as Middle East diplomacy hopes ease supply fears
South Korea's exports in the first 20 days of September continued strong momentum, with chip exports soaring by 259%, remaining a key driver of growth.
Early September exports from South Korea help maintain strong momentum in the chip boom.
Crypto prices
More
