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TimesTabloid
2023-02-17 00:03:40

SEC Sues Do Kwon and Terraform Labs Over TerraUSD (UST) Stablecoin Collapse

SEC Sues Do Kwon and Terraform Labs Over TerraUSD (UST) Stablecoin Collapse

The United States Securities and Exchange Commission (SEC) finally pounced on the team behind the failed TerraUSD (UST) stablecoin project — TerraForm Labs — and its founder/ CEO Do Kwon. The SEC alleges that the defendants manipulated the price of UST, citing that “the Terra ecosystem was neither decentralized nor finance.” A fresh report showed The post SEC Sues Do Kwon and Terraform Labs Over TerraUSD (UST) Stablecoin Collapse appeared first on Times Tabloid .

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