SEC asks court for summary judgment against Do Kwon and Terraform
According to the Securities and Exchange Commission (SEC), the agency is requesting a summary judgment from a federal judge to prevent a full trial, stating that there is "no genuine dispute as to any material fact" in the case against Do Kwon and Terraform. The SEC reiterated in the filing that Terraform and Kwon engaged in fraudulent conduct and made misleading statements, emphasizing again that they deceived investors about the stability of UST, falsely attributed its algorithm to its price stability, and secretly arranged for third parties to implement the fraud.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
FTX plans to start reimbursing creditors by January 2025
1MCHEEMSUSDT now launched for futures trading and trading bots
Bitget has launched 1MCHEEMSUSDT for futures trading with a maximum leverage of 20, along with support for futures trading bots, on November 25, 2024 (UTC+8). Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. 1MCHEEMSUSDT-M perpetual futures: Parameters Details
Token listing: Instantly buy/sell BTC with EUR & BRL via cash conversion!
Bitget users can now instantly buy or sell BTC with EUR or BRL balances via cash conversion! Buy/Sell Crypto Tips: Enjoy a transaction fee rebate in USDT on your first cash conversion transaction! Additional perks >>> Flash Monday: Buy crypto with a credit/debit card for zero fees >>> Flash Thursda