Thursday, October 23, 2025
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SEC Asks Court for Summary Judgement Against Do Kwon, Terraform

Terraform and Kwon also engaged in fraudulent conduct and made misleading statements, the SEC reiterated in the filing, re-emphasizing that they committed fraud by deceiving investors about the stability of UST, falsely crediting their algorithm for its price stabilization while secretly arranging third-party intervention, making their claims about the algorithm's

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Tornado Cash lawsuit judge sides with US Treasury in motions for summary judgement

A federal judge in Texas has sided with the United States Department of the Treasury by granting a motion for summary judgment in a lawsuit concerning Tornado Cash brought by six individuals backed by crypto exchange Coinbase.In an Aug. 17 filing in U.S. District Court for the Western District of

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