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How Investors Acquired UST: What the SEC Has to Say About It
by SEC vs. the WorldOctober 11th, 2023
Too Long; Didn't Read
Here's how investors acquired UST.
SEC v. Terraform Court Filing, retrieved on February 16, 2023, is part of HackerNoon’s Legal PDF Series. You can jump to any part in this filing here. This is part 18 of 38.
C. UST
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Investment of Money
69. Investors tendered fiat currency or crypto assets in exchange for UST. As advertised by Defendants, to "earn" nearly 20% annual returns via the Anchor Protocol, investors deposited their UST into a smart contract associated with the Anchor Protocol.
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This court case 1:23-cv-01346 retrieved on September 12, 2023, from sec.gov is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction.
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