Do Kwon, co-founder of the Terraform ecosystem, which recently faced collapse, asserts that he and his company did not violate U.S. securities regulations.

Terraform Labs Co-Founder Challenges SEC Lawsuit

Do Kwon, a co-founder of Terraform Labs, has petitioned a U.S. district judge to dismiss the SEC’s legal action regarding securities and fraud. Kwon’s defense contends that the Securities and Exchange Commission (SEC) has not presented any substantial evidence of wrongdoing.