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Terraform Labs and its founder Do Kwon have been accused of cryptocurrency fraud by the SEC

Do Kwon On Thursday, the US Securities and Exchange Commission (SEC) brought charges against Singapore-based company Terraform Labs and its founder, Do Kwon, for securities fraud and multibillion-dollar cryptocurrency scams.

The charges come almost a year after the collapse of the Terra Luna and Terra USD (UST) tokens, which resulted in a loss of over $30 billion.

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