Singapore starts an investigation against Terraform Labs
Singapore’s law enforcement agencies have reportedly begun a probe against Terraform Labs – the infamous blockchain project co-founded by crypto fugitive Do Kwon.
The US Securities and Exchange Commission (SEC) recently accused Terraform Labs and Do Kwon of orchestrating a gigantic fraud by offering and selling unregistered securities through the use of digital currencies. The agency suggested the scheme triggered colossal financial losses for retail and institutional investors.