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Lawyers for the firm claimed that any alleged losses caused by the platform’s or Do Kwon’s actions happened outside the United States, beyond the SEC’s authority in the civil case.

Terraform claims SEC offered ‘no evidence’ for $4.7B in disgorgement

Before you reading,Don't miss coins like PEPE again! Click here to find new PEPEs! In a recent development, the SEC has demanded $5.3 billion from Terraform Labs and Do Kwon. The legal team representing Terraform Labs in th... Read the full article for FREE at COINOTAG!

Latest Update in SEC’s $5 Billion Lawsuit Against Terra (LUNA): Key Developments & Implications for Crypto Investors

Recently, there was a new development in the case in which the SEC demanded $ 5.3 billion from Terraform Labs and Do Kwon. Continue Reading: New Development in Terra (LUNA) Lawsuit in which SEC Demands $5 Billion

New Development in Terra (LUNA) Lawsuit in which SEC Demands $5 Billion

Before you reading,Don't miss coins like PEPE again! Click here to find new PEPEs! In March 2024, Terraform Labs and its co-founder Do Kwon were accused of fraud by a New York jury. US regulators demanded a hefty fine of $5.3 ... Read the full article for FREE at COINOTAG!

Terraform Labs Refuses to Pay $5.3 Billion Fine: No Evidence from SEC – Implications for LUNA Coin (LUNA)

In March 2024, a New York Jury slapped fraud charges against Terraform Labs and its co-founder Do Kwon with the U.S. regulators demanding them to pay $5.3 billion in penalty. However, the lawyers representing Terraform have refused these allegations stating that the firm sold most of the UST stablecoins outside the United States. Terraform Lawyers The post Terraform Labs Refuses to Pay $5.3 Billion Fine, Says SEC Has No Evidence appeared first on CoinGape .

Terraform Labs Refuses to Pay $5.3 Billion Fine, Says SEC Has No Evidence

The SEC proposed that Do Kwon and Terraform pay roughly $5.3 billion in disgorgement, prejudgment interest and civil penalties, while the firm’s team suggested only $1 million.

US Court to hear proposed remedies from Terraform Labs, Do Kwon in May

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