Jury Begins Deliberations in Civil Fraud Case Against Do Kwon, Terraform Labs

During her closing arguments on Friday, SEC attorney Laura Meehan told the jury that during a prior de-peg in May 2021, Kwon and Terraform Labs made a “secret agreement” with Jump, a trading shop that acted as a market maker for Terraform Labs, to step in and buy millions of dollars of UST off-chain to inflate the value and bring it back to parity with the dollar.

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• Source: https://www.coindesk.com/policy/2024/04/05/jury-begins-deliberations-in-civil-fraud-case-against-do-kwon-terraform-labs/?utm_medium=referral&utm_source=rss&utm_campaign=headlines