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coinpedia 2024-03-01 03:10:02

SEC Raises Alarm Over Terraform Labs’ $166M Payment to Dentons Amid Bankruptcy

The post SEC Raises Alarm Over Terraform Labs’ $166M Payment to Dentons Amid Bankruptcy appeared first on Coinpedia Fintech News The U.S. Securities and Exchange Commission has raised significant concerns over Terraform Labs’ financial maneuvers, urging the Delaware bankruptcy court to scrutinize a $166 million payment to law firm Dentons. Questionable Financial Moves The SEC revealed a series of financial transactions, with Terraform Labs allegedly transferring $166 million to Dentons since the beginning of 2023. …

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