Do Kwon and Terraform Labs continue to face scrutiny from different authorities, with the latest examples coming from the US and South Korea.
A recent court ruling has granted an application by the Securities and Exchange Commission to order Terraform Labs and its co-founder Do Kwon to comply with the agency’s investigative subpoenas.ruling
Mirror Protocol allows users to purchase popular stocks like Tesla or Microsoft on the blockchain. Late in May, the project suffered an exploit that led to hackers stealing $2 million before developers were able to fix the problem.
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Appeals court rules Do Kwon, Terraform Labs must heed SEC subpoena served in SeptemberThe U.S. regulator is investigating whether Terraform used its Mirror Protocol to sell unregistered securities in a case unrelated to the Terra collapse.
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SEC court win over Terraform and Do Kwon opens door for UST investigationThe decision is an important step in establishing the jurisdiction of US regulators and courts over the firm.
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Appeals court rules Do Kwon, Terraform Labs must heed SEC subpoena served in SeptemberThe U.S. regulator is investigating whether Terraform used its Mirror Protocol to sell unregistered securities in a case unrelated to the Terra collapse.
Read more »
SEC court win over Terraform and Do Kwon opens door for UST investigationThe decision is an important step in establishing the jurisdiction of US regulators and courts over the firm.
Read more »
LUNA2 traders are increasingly short despite 67.5% rally, $4 million liquidatedTerra’s wild ride isn’t over yet. LUNA2 reversed a portion of the losses as its price per token rose by as much as 67.5% on the day, catching many traders off-guard with their perpetual swap positions. (Reporting via bitcoinwallah)
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