Court finds Terraform Labs guilty of defrauding crypto investors

A United States District Court has found that Terraform Labs and the company co-founder, Do Kwon, defrauded investors in crypto asset securities.

In a post published by the Securities and Exchange Committee’s (SEC) Division of Enforcement, the Southern District of New York’s District Court reached the decision after a nine-day trial.

Terraform defrauds crypto investors

Terraform Labs PTE Ltd and co-founder Do Kwon were found liable via a jury verdict after a saga lasting more than two years reached a decision.

The original subpoenas for Kwon and the company were filed by the SEC on June 9, 2022, and asked for “documents from Terraform and Kwon, as well as testimony from Kwon,

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