HomeCrypto GamingJury Begins Deliberations in U.S. Civil Fraud Case Against Do Kwon, Terraform...

Jury Begins Deliberations in U.S. Civil Fraud Case Against Do Kwon, Terraform Labs

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Throughout her closing arguments on Friday, SEC legal professional Laura Meehan advised the jury that in a previous de-peg in Might 2021, Kwon and Terraform Labs made a “secret agreement” with Leap, a buying and selling store that acted as a market maker for Terraform Labs, to step in and purchase hundreds of thousands of {dollars} of UST off-chain to inflate the worth and convey it again to parity with the greenback.

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