Jurors agreed with the SEC that Kwon and, under his direction, Terraform Labs deceived everyday investors about the nature of the supposed algorithm that kept UST pegged to the U.S. dollar. Though Kwon insinuated that it could “automatically self-heal” in the event of a de-peg, it actually relied on continuous trading activity, including large-scale trading done by institutional investors.
Related posts:
Worldwide Digital Asset-Based Exchange Traded Products AUM Rose 5% in Jan. as BTC Spot ETFs Approved – Blockchain News, Opinion, TV and Jobs
Bridging the Physical-Digital Divide with NFC and NFT
Shibarium Achieves Remarkable Utility Milestones in Under a Week
Transforming Global Transactions: Replacing SWIFT with Blockchain and Token-Based Systems