Terraform Labs and Do Kwon seek dismissal of SEC lawsuit
Do Kwon, co-founder of the now-defunct Terraform Labs, has petitioned a U.S. district judge to dismiss the fraud and securities lawsuit filed against him and his company by the Securities and Exchange Commission (SEC). Kwon and Terraform Labs argue that the SEC has failed to substantiate their accusations following a lengthy investigation and discovery phase. […]
Do Kwon Admits To Faking Transaction Volumes: SEC Documents
Former cryptocurrency tycoon, Do Kwon, has confessed to inflating trading volumes, according to official court records. As reported by Decrypt on a Thursday, the U.S Securities and Exchange Commission (SEC) court documents reveal Kwon’s admission during a text conversation with Daniel Chin, founder of payment app Chai. In the exchange, Kwon disclosed his ability to […]