Terra team held in South Korea as Do Kwon named in securities lawsuit
The suit alleges defendants, which also include Terraform Labs, conned investors by failing to register tokens as securities with the SEC.
The suit alleges defendants, which also include Terraform Labs, conned investors by failing to register tokens as securities with the SEC.
The UST co-founder was accused of siphoning off $2.7 billion in 33 monthly withdrawals of $80 million each.
A US Second Circuit court has rejected pleas by Terra LUNA’s founder Do Kwon to ignore a SEC subpoena he received last year.