Do Kwon, co-founder and chief executive officer of Terraform Labs, in the company's office in Seoul, South Korea, in 2022. Photo: Woohae Cho/Bloomberg Manhattan Jury Finds Terraform, Do Kwon Liable in Crypto Civil Fraud Trial
U.S. District Judge Jed Rakoff of the Southern District of New York said he intends to rule on penalties no later than the first week of May, after receiving briefs from the defendants and the U.S. Securities and Exchange Commission.
April 05, 2024 at 03:54 PM
3 minute read
Jurors in the Southern District of New York on Friday found the cryptocurrency company Terraform Labs and its founder Do Kwon liable on civil fraud charges after approximately two hours of deliberations.
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