Jury Finds Terraform, CEO Liable For Misleading Investors In SEC Suit

(April 9, 2024, 2:32 PM EDT) -- NEW YORK — A federal jury in New York found that crypto asset firm Terraform Labs Pte. Ltd. and its founder and chief executive officer are liable for all claims brought against them by the Securities and Exchange Commission, which accused the company and its founder of issuing many false statements about the company’s crypto assets....