TechFlow news: The U.S. Securities and Exchange Commission (SEC) is asking a federal judge to grant summary judgment.
The SEC stated there is "no genuine dispute as to any material fact" in its case against Do Kwon and Terraform.
In the filing, the SEC reiterated its position that Kwon and Terraform sold securities, and that both Terraform and Kwon engaged in fraud and made misleading statements—specifically by deceiving investors about the stability of UST, falsely attributing its price stability to its algorithm, and secretly arranging for third parties to carry out the fraud.
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