Terraform’s attorneys at Denton and founder Do Kwon’s attorneys at Kaplan Hecker & Fink maintained, during their own opening statements, that their clients did not lie.
March 25, 2024 at 05:41 PM
3 minute read
The original version of this story was published on New York Law Journal
A lawyer with the U.S. Securities and Exchange Commission on Monday told jurors in the Southern District of New York that the cryptocurrency company Terraform Labs and its founder Do Kwon built a “house of cards” that collapsed to investors’ detriment in 2022.
SEC trial counsel Devon Staren said she and her colleagues will show that Terraform engaged in two fraud schemes aimed at misleading investors to believe that the company was more successful and more stable than it truly was.
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Terraform Labs Pte. Ltd. (Terra Money) website. Credit: Timon/Adobe Stock
