Tagged: Terra USD

SEC Orders Tai Mo Shan to Pay $123 Million for “Negligently Misleading” Investors About Stability of Terra USD

The US Securities and Exchange Commission (SEC) recently charged Tai Mo Shan Limited with misleading investors about the stability of Terra USD (UST), a purported “algorithmic stablecoin” issued by Terraform Labs PTE Ltd. (Terraform), when UST dropped from its “purportedly fixed exchange rate of 1… Read More

Jury Finds Terraform Labs and Do Kwon Guilty of Crypto Fraud, SEC Director Calls for Compliance

Following a nine-day trial, a jury in the United States District Court for the Southern District of New York has found Terraform Labs PTE Ltd. and its former CEO, Do Kwon, guilty of defrauding investors in crypto asset securities. The verdict comes after the Court’s… Read More

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