A lawyer with the U.S. Securities and Alternate Fee on Monday advised jurors within the Southern District of New York that the cryptocurrency firm Terraform Labs and its founder Do Kwon constructed a “home of playing cards” that collapsed to traders’ detriment in 2022.
SEC trial counsel Devon Staren stated she and her colleagues will present that Terraform engaged in two fraud schemes geared toward deceptive traders to consider that the corporate was extra profitable and extra steady than it actually was.
