In March, infamous crypto mogul Do Kwon will face trial for allegedly misleading investors in his collapsed cryptocurrency, which precipitated a chain reaction of trading firm failures and financial losses worldwide. The Securities and Exchange Commission will initiate a civil case in Manhattan federal court against Kwon and Terraform Labs, despite Kwon's absence.
Fallen crypto tycoon Do Kwon faces trial no 25 March on claims that he defrauded people who bought a cryptocurrency that collapsed two years ago, setting off a chain reaction that led to trading-firm failures and losses for investors around the world.
The Securities and Exchange Commission will open its civil case in Manhattan federal court against Kwon and his company, Terraform Labs, even though Kwon won’t be there.
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