SEC Charges Terraform and Its CEO with Securities Fraud in Connection with Terra USD (UST) Stablecoin and Other Crypto Assets | Practical Law
The SEC charged Singapore-based Terraform Labs PTE Ltd and its CEO, Do Hyeong Kwon, with orchestrating a multi-billion dollar crypto-asset securities fraud involving an algorithmic stablecoin and other crypto-asset securities in violation of the registration and anti-fraud provisions of the Securities Act and the Exchange Act.