US SEC charges bankrupt crypto firm Terra's founder Do Kwon with fraud

US SEC charges bankrupt crypto firm Terra's founder Do Kwon with fraud

FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst/File Photo

The US Securities and Exchange Commission has charged crypto developer Do Kwon and his company Terraform Labs with defrauding investors in what the regulator deemed a multibillion-dollar scam, according to a filing in federal court.