TerraForm’s Do Kwon charged by US SEC over $40bn fraud

The US Securities and Exchange Commission (SEC) has charged former TerraForm Labs Chief Do Kwon over the May 2022 collapse of the cryptocurrency company. Do Kwon has been charged with defrauding users of TerraForm’s TerraLuna and TerraUSD tokens after both collapsed dramatically overnight, with its valuations declining almost 99% in the space of a day.  … Continue reading TerraForm’s Do Kwon charged by US SEC over $40bn fraud