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Terraform and CEO charged with defrauding investors in multi-billion crypto schemes

Crypto currencies dropping in value
Photo: Getty Images

Martina Lindberg

2 min read
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The company and its CEO Do Hyeong Kwon alleged to have misled and deceived customers to invest in their crypto empire.

The Singapore-based Terraform Labs PTE Ltd and its CEO Do Hyeong Kwon are facing charges from the SEC for allegedly orchestrating a multi-billion dollar crypto asset securities fraud. The scheme involved an algorithmic stablecoin and other crypto asset securities that played a part in Terra coin’s collapse.

According to the

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