Explained: SEC allegations against Do Kwon and Terraform Labs
The SEC claims that Do Kwon and Terraform Labs lied about a South Korean application called Chai using Terra to process payments.
Cryptocurrency news by Protos · Protos
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Show Notes
The Securities and Exchange Commission (SEC) has filed a lawsuit against Terraform Labs and Do Kwon alleging that they defrauded investors in a scheme involving multiple unregistered securities.
The SEC highlights claims by Terraform Labs and Do Kwon that Chai, a Korean payments application, used Terra. This was despite the payments actually being mirrored onto the blockchain and made using conventional means.
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