Jury Finds Do Kwon and Terraform Labs Liable for Defrauding Investors in Terra/TerraUSD Crypto Scheme

• Jury found Do Kwon and Terraform Labs liable for defrauding investors through their crypto assets between April 2018 - May 2022 • Defendants offered and sold crypto securities, carrying out a fraudulent scheme leading to billions in losses • Jury validated SEC’s claim that Kwon and Terraform Labs defrauded US retail and institutional investors • Terraform Labs and Kwon deceived investors about the stability of Terra USD stablecoin • Kwon faces criminal charges in South Korea related to the multibillion-dollar downfall of Terra and Terra USD