SEC v. Terraform Labs: What the Government Is Accusing the Company and Its CEO, Do Kwon, Of by@secagainsttheworld
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SEC v. Terraform Labs: What the Government Is Accusing the Company and Its CEO, Do Kwon, Of
by SEC vs. the WorldOctober 5th, 2023
Too Long; Didn't Read
SEC v Terraform: The Table of Contents at your disposal. SEC v. Terraform Court Filing, retrieved on February 16, 2023, is part of HackerNoon’s Legal PDF Series.People Mentioned
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 the table of links with all parts.
Case Number: 1:23-cv-01346
Plaintiff: SEC
Defendant: Terraform
Filing Date: February 16, 2023
Location: United States District Court Southern District of New York
TABLE OF CONTENT
NATURE OF PROCEESINGS AND RELIEF SOUGHT
FACTS
I. Defendants Created and Devloped the Terraform Ecosystem
II. Terraform's Crypto Assets Were Offered and Sold as Securities
A. Luna
- Investment of Money
- Common Enterprise
- Reasonable Expectation of Profits from Defendants' Managerial Efforts
-
Reasonable Expectation of Profits from Defendants' Managerial Efforts
-
wLuna is a Receipt for a Security
C. UST
- Investment of Money
- Common Enterprise
- Reasonable Expectation of Profits from Defendants' Managerial Efforts
- UST is a Security because it could be Exchanged for LUNA
D. MIR TOKENS
- Investment of Money
- Common Enterprise
- Reasonable Expectation of Profits from Defendants' Managerial Efforts
E. mAsset Transactions were Security-Based Swaps
III. Defendants offered and Sold Crypto Asset Securities in Unregistered Transaction
IV. Terraform and Kwon Misled, Deceived, and Defrauded Investors
a. Terraform and Kwon Deceived Investors about Chai
b. Terraform and Kwon Mislead Investors about the May 2021 De-peg
c. May 2022 Collapse of the Terraform Ecosystem
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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.
L O A D I N G
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