Terraform Labs and Do Kwon reach preliminary settlement with the Securities and Exchange Commission

Singapore-based Terraform Labs and its founder Do Kwon have reportedly reached a preliminary settlement with the US Securities and Exchange Commission (SEC) after being accused of misleading cryptocurrency investors ahead of the 2022 collapse of terrausd (UST), the project’s algorithmic stablecoin that no longer exists. now. . According to the court filing, the terms of the settlement and the allegations are not currently being disclosed […]