The SEC is accusing Terraform Labs and Do Kwon of misleading, deceiving, and defrauding investors.
SEC v. Terraform Court Filing, retrieved on February 16, 2023, is part of . You can jump to any part in this filing . This is part 27 of 38. HackerNoon’s Legal PDF Series here IV. Terraform and Kwon Misled, Deceived, and Defrauded Investors 118. To inspire confidence in the Terraform ecosystem, and encourage trading in its crypto asset securities, Defendants engaged in a scheme to deceive and mislead investors and prospective investors in the U.S. and abroad.
" Defendants misleadingly omitted the real reason for the re-peg - the deliberate intervention by a third party, as discussed with Defendants, to buy large amounts of UST to restore its value. 119. Defendants' statements were materially false and misleading and made during a time when Defendants were actively offering, selling, and/or marketing Terraform's crypto assets, including LUNA and UST.
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