Terraform Labs founder Do Kwon built ‘house of cards,’ SEC lawyer says at crypto fraud trial ...Middle East

Terraform Labs and its founder Do Kwon built a “house of cards” and lied to investors about the stability of a cryptocurrency whose collapse rippled through markets in 2022, a lawyer for the Securities and Exchange Commission told a Manhattan jury as its civil fraud trial began on Monday. The SEC accused Kwon and the Singapore-based blockchain company of misleading...

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