TerraformLabs responds to SEC 'slush fund' charges: Government overreach is disturbing
Terraform Labs submitted a document to the Delaware court on Monday, questioning the SEC's opposition to the company's use of Dentons U.S. LLC as its special advisor in the bankruptcy protection case. In the document, Terraform Labs stated that the SEC is one of the parties suing the debtor in SEC enforcement actions, but strongly opposes the debtor's use of its own funds to ensure adequate defense in SEC enforcement actions. This is a disturbing example of government overreach. The company claims that the SEC's true motive is to distract attention before the trial scheduled for March 25.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
[Initial Listing] GAIB (GAIB) will be listed in Bitget Innovation and AI Zone
New spot margin trading pair — ALLO/USDT, MET/USDT!
[Initial Listing] Bitget Will List Datagram (DGRAM) in the Innovation and DePIN Zone
Bitget Spot Margin Announcement on Suspension of L3/USDT, ULTI/USDT Margin Trading Services
