Do Kwon and Terraform Labs Sued for Misleading Investors

In a lawsuit filled with promises from Do Kwon, the Luna Foundation Guard, and other Terra-related entities, an Illinois-based plaintiff has alleged that all parties involved misled investors about whether all Terra tokens are actually securities, among other allegations., filed on Friday in US District Court in Northern California by Nick Patterson, alleges several VS firms, Terraform Labs, and founder Do Kwon of violating federal securities laws with the sale and promotion of UST and LUNA.

“On top of selling unregistered securities with the Terra Tokens, Defendants made a series of false and misleading statements regarding the largest Terra ecosystem digital assets by market cap, UST and LUNA, in order to induce investors into purchasing these digital assets at inflated rates.” The lawsuit also focused on Do Kwon and his rather controversial behavior prior to the collapse of the tokens. “One of Kwon’s go-to insults is to demean and delegitimize his detractors or critics of the Terra Tokens by dismissing them as “poor.””

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Magic Internet Money token depegs as Terra (LUNA) domino effect persistsSestagalli publicly shared the treasury address holding $12 million in assets while asking concerned investors to verify the same using on-chain data. removed soon untimely? .... according to the 12year bitcoin calendar reflecting the 123up 4down pattern, this pullback is right on time freddyyyyyyy
Source: Cointelegraph - 🏆 562. / 51 Read more »

Terraform Labs, Founder, VC Firms Sued on Claims That Investors Were MisledTerraform Labs, its founder and multiple VC firms were sued in a California court on Friday. by nikhileshDe 🏠🦉💎The NFT Owl House 🏠🦉💎 nikhileshde Our case is simply this: nikhileshde Hope they are including novogratz
Source: CoinDesk - 🏆 291. / 63 Read more »

Do Kwon, Terraform Labs, others hit with class action lawsuitA class action lawsuit accuses Do Kwon and others of selling unregistered securities and making false statements about the stability of the TerraUSD stablecoin and related token luna. stablekwon enjoy jail
Source: TheBlock__ - 🏆 464. / 53 Read more »

Class-Action Lawsuit Accuses Terraform Labs of Misleading Investors – Bitcoin NewsA lawsuit has been filed against the company TerraformLabs and a number of other crypto companies over the collapse of terrausd (UST). Law suits upon law suits , who get compensated 😂paw to the moon Feeling like it's a dead end! paw Mr stablekwon aka dumbest crypto scammer 2022 🚨🥇
Source: BTCTN - 🏆 531. / 51 Read more »

Investor Sues Elon Musk, Tesla, And SpaceX For $258 Billion Over Dogecoin 'Pyramid Scheme' | CarscoopsThe plaintiff accuses the organizations of operating an illegal racketeering enterprise to inflate Dogecoin prices
Source: Carscoop - 🏆 306. / 63 Read more »

Elon Musk sued for $258 billion over alleged Dogecoin pyramid schemeNEW YORK — Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency.
Source: TheStarPhoenix - 🏆 253. / 63 Read more »