"Crypto CEO Do Kwon Found Liable for Multibillion-Dollar Fraud in SEC Trial"

Do Kwon, a crypto magnate, has been found liable for multibillion-dollar fraud by a US court, with Terraform facing a financial penalty and potential exclusion from the US securities market. The case has sparked debate over the classification of crypto assets as securities, with implications for the wider crypto industry. The judge's ruling and the verdict in favor of the SEC set a precedent, potentially influencing future legal disputes in the crypto space. Terraform intends to appeal the verdict, citing ambiguity over the classification of its tokens, while the broader classification question may ultimately be settled through appellate courts or the US Supreme Court.