In March 2024, a New York Jury slapped fraud charges against Terraform Labs and its co-founder Do Kwon with the U.S. regulators demanding them to pay $5.3 billion in penalty. However, the lawyers representing Terraform have refused these allegations stating that the firm sold most of the UST stablecoins outside the United States. Terraform Lawyers The post Terraform Labs Refuses to Pay $5.3 Billion Fine, Says SEC Has No Evidence appeared first on CoinGape .
