US sues Terraform, its founder with defrauding investors in mega crypto fraud
The US Securities and Exchange Commission (SEC) has charged Singapore-based collapsed crypto blockchain platform Terraform Labs and its founder Do Hyeong Kwon with orchestrating a multi-billion dollar crypto asset securities fraud.According to the SEC's complaint, from April 2018 until the scheme's collapse in May 2022, Terraform and Kwon raised billions of dollars from investors by offering and selling an inter-connected suite of crypto asset securities, many in unregistered transactions.According to the SEC's complaint,…