SEC Marked, Kwon Floored: Judge Rules Terraform Must Answer Alleged Crypto Scam in Court

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In A court decision on THURSDAY, Dec. 28, one WE. federal judge face with THE Securities And Exchange Commission (SECOND) against Terraform Laboratories And It is founder Do Kwon about THE offer And sale of not registered titles.

THE decision was handed over down by WE. District Judge Jed Rakoff In Manhattan, WHO Also governed In THE DRY favor regarding security based Exchanges, Reuters reported.

Judge Rakoff did not to agree summary judgement For either to party on THE DRY accusations of fraud. This appearance of THE case East together has move Before has A trial, which East program For January 29 2024.

As of NOW, Neither THE SECOND neither representatives For Terraform And Kwon to have provided any of them comments In answer has THE decision.

Also Read: Crypto Repression Looms In Argentina As Milei's Bill Requests Complete Disclosure

Do Kwon East known For her participation with THE cryptocurrencies Terra USD And It is counterpart Moon (CRYPTO: LUNA).

These digital coins experimented A significant loss In 2022, with A estimated value drop of on $40 billion, mostly due has Terra USD failure has maintain It is ankle has THE WE. dollar.

THE SECOND has accused Terraform And Kwon with deceive investors about THE stability of Terra USD And manufacturing complaints about THE potential increase In THE value of It is crypto tokens.

In addition has these charges, Kwon East focused towards fraud allegations Since WE. prosecutors In Manhattan And East Currently challenge extradition has THE United States.

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