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International Business Times

Business

Nica Osorio

Judge Approves Protective Order In SEC Vs Terraform Labs Case, Court Filings To Stay Confidential

SEC Terraform Labs Terraform Terra Do Kwon TfL Crypto District Court United States Ust

Launching the Terra Mainnet (Credit: YouTube Screenshot/ Terra Official YouTube Chanel)

KEY POINTS

The SEC filed a lawsuit against Terraform Labs in February
Lawyers representing the SEC and Terraform Labs have agreed to the protective order Monday
The SEC accused TFL and Kwon of misleading investors about the stability of Terra's stablecoin, UST

A judge overseeing the ongoing case between the U.S. Securities and Exchange Commission and Terraform Labs (TFL) – the blockchain company co-founded and run by the disgraced crypto executive Do Kwon – has approved a protective order that will ensure court filings concerning the lawsuit remain confidential.

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