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The U.S. Court of Appeals for the Second Circuit has rejected Do Kwon's appeal and has confirmed that the SEC-related subpoena was indeed lawful. Terra will need to face an investigatory hearing regarding the issuance of illegal, unlicensed securities.https://www.law360.com/newyork/articles/1500866/defi-firm-terra-must-face-sec-subpoenas-2nd-circ-affirms …
The SEC knows Terra issued unlicensed Mirror securities. What they don't know is that Jump & TFL used retail liquidity to farm & dump loads of MIR rewards, manipulated on-chain governance constantly, allowed for a $90m 'hack' to happen through pure negligence... Spicy times ahead
Why US might not have jurisdiction over TFL: - Do Kwon doesn't live/work there Why US might have jurisdiction over TFL: - TFL had US employees and US law firms for counsel - TFL sold products on US exchanges - US investors were defrauded - TFL sold tokens mirroring US securities
Good luck with that
No future for #Terra_Luna
good news we see not. maybe then we’ll hear sth from Do again
Then ANC will go down as well… game over for both
What I don't understand is, what good will it do us? You sabotage terra luna while we are trying to pull out our dice.
do you have LUNA ? LUNC USTC? how many luna you have?
He probably didn't, but scooped up quite a bit when it fell to $1.88 yesterday. He'll cash out at ~$5 after a backpedaling tweet. Mark this tweet and sell it as an NFT.
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