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Jurors agreed with the SEC that Kwon and, underneath his path, Terraform Labs deceived on a regular basis buyers in regards to the nature of the supposed algorithm that stored UST pegged to the U.S. greenback. Although Kwon insinuated that it may “routinely self-heal” within the occasion of a de-peg, it really relied on steady buying and selling exercise, together with large-scale buying and selling executed by institutional buyers.
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