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coinpedia 2024-05-02 07:54:02

Terra Fights Back Against SEC’s “Excessive” $5.3B Fine in Stablecoin Fraud Case

The post Terra Fights Back Against SEC’s “Excessive” $5.3B Fine in Stablecoin Fraud Case appeared first on Coinpedia Fintech News The legal showdown of March 2024 continues even in May! Terraform Labs and its co-founder Do Kwon found themselves in hot water as a New York jury slapped them with fraud charges, with U.S. regulators seeking a whopping $5.3 billion penalty. Terraform’s legal team promptly fired back, arguing against the allegations, citing issues with jurisdiction …

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