Terraform and Kwon also engaged in fraudulent conduct and made misleading statements, the SEC reiterated in the filing, re-emphasizing that they committed fraud by deceiving investors about the stability of UST, falsely crediting their algorithm for its price stabilization while secretly arranging third-party intervention, making their claims about the algorithm’s efficiency misleading and materially omitting crucial information. Terra collapsed in May last year, destroying billions of dollars in investor wealth.
Believe Founder Arrested on Strangulation Charges as Token Collapses 99%
Key Takeaways: Pasternak, 26, was charged with second-degree strangulation and third-degree assault over a March 31 incident; he has pleaded...
