Jurors agreed with the SEC that Kwon and, below his route, Terraform Labs deceived on a regular basis traders in regards to the nature of the supposed algorithm that saved UST pegged to the U.S. greenback. Although Kwon insinuated that it might “automatically self-heal” within the occasion of a de-peg, it really relied on steady buying and selling exercise, together with large-scale buying and selling performed by institutional traders.
