According to BlockBeats news, on November 13, according to documents released by the US SEC, the SEC has filed a lawsuit against Terraform Labs PTE, Ltd. and its co-founder and CEO Do Kwon. The SEC is investigating whether Terraform Labs, Kwon or other companies violated federal securities laws, including by engaging in unregistered sales of securities, unregistered brokers or dealers, and unregistered investment companies, according to SEC documents filed in the U.S. District Court for the Southern District of New York. Securities trading. The filing states that based on its ongoing investigation, the SEC has reason to believe that Terraform Labs and Kwon were involved in the creation, promotion and offer of sales of mAssets and MIR tokens to U.S. investors. However, after multiple attempts to negotiate with lawyers, Terraform Labs and Kwon still refused to provide any documents, and Kwon failed to comply with its obligation to prove.
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