Do Kwon and Terraform have been charged by the SEC for crypto fraud
Do Kwon and Terraform have been charged by US authorities. The failed cryptocurrency and its creato have been indicted on counts by the US Securities and Exchange Commission related to "orchestrating a multi-billion dollar crypto asset securities fraud" after the Singapore-based fund, which created Terra Luna and TerraUSD, failed in 2022; a collapse that is believed to have cost investors more than $40 billion. Gary Gensler, the chair of the SEC said: "We allege that Terraform and Do Kwon failed to provide the public with full, fair, and truthful disclosure as required for a host of crypto ass...