4 Huge Revelations in the SEC’s Charges Against Do Kwon and Terraform Labs

But the SEC details far more proactive, in some cases incredibly elaborate, efforts to misrepresent the Chai-Terra relationship. Above all, it describes the use of a server, known internally at Terraform as the “LP Server,” which “replicated the real transactions that Chai was processing in Korean won.” In reality, according to the charges, “no Chai transactions occurred on the blockchain.”