June 17, 2024 BY Elizabeth Anderson
Terraform and Kwon to Pay $4.5bn Fine after Guilty Verdict
The Singapore-based cryptocurrency platform and Kwon defrauded clients for years through crypto asset securities, resulting in huge losses when the business failed. The SEC lodged its case against Terraform and Kwon in February 2023. The financial watchdog said the trial, which took place in April 2024, unveiled how Terraform and its CEO deceived victims through…
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