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United States abuse of dominancedeceit

SEC v Terraform Labs Pte Ltd

No. 23-cv-01346 (S.D.N.Y. 2024)
JurisdictionUnited States
CourtUS District Court for the Southern District of New York
Year2024
StatusBinding authority

Summary

Jury found Terraform Labs and Do Kwon liable for securities fraud in connection with the TerraUSD stablecoin collapse, applying the Howey test to crypto assets and resulting in a $4.5bn judgment.

Key Principle

Cryptocurrency securities fraud; TerraUSD stablecoin collapse; jury found Terraform and Do Kwon liable; $4.5bn judgment; Howey test applied to crypto

Area of Law

securities

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