The SEC, Jump Crypto, and Terraform Labs
A U.S. court has given the green light for Jump Crypto to whisper sweet nothings (read: confidential info) to the court, away from our prying eyes. 👀
Let’s rewind a bit. Terraform Labs and its ex-CEO, Do Kwon, are in hot water with the SEC. The charge sheet? Allegedly peddling unregistered securities and dabbling in fraud, raking in billions in the process. Their lol-stablecoin, TerraUSD ($UST) crashed and burned in May 2022, now worth a measly $0.01.Â