SEC Sues Terraform and CEO Do Kwon With Defrauding Investors

The US SEC sued Terraform Labs and CEO Do Kwon with orchestrating securities fraud involving an algorithmic stablecoin and other crypto asset securities.

• The SEC’s complaint alleges that Terraform and Kwon marketed crypto asset securities to investors seeking to earn a profit, repeatedly claiming that the tokens would increase in value
• NOTE: Feb. 17, SEC Sues Terraform, Kwon Over Stablecoin in Crypto Collapse

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Ilya Banares in Toronto at ibanares@bloomberg.net

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Chakradhar Adusumilli at cadusumilli@bloomberg.net

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