Juror begins deliberations in U.S. civil fraud case against Terraform Labs’ Do Kwon

In closing arguments Friday, SEC attorney Laura Meehan told the jury that during the previous peg lift in May 2021, Kwon and Terraform Labs entered into a “secret agreement” with Jump, a trading store that acted as a market maker for Terraform Labs. , intervenes and purchases millions of dollars of UST off-chain, inflating its value and bringing it back to dollar parity.