Crypto firm Terraform Labs has filed a lawsuit against the US Securities and Exchange Commission. The suit addresses the recent objection from the regulator over a $166M retainer paid to special litigation counsel Dentons. The SEC's argument lies in the fact that the crypto firm's lavish spending was an effort to avoid paying creditors. The post Terraform Labs Pushes Back Against SEC Over Special Counsel Payment appeared first on Cryptonews.
Crypto firm Terraform Labs has filed a lawsuit against the US Securities and Exchange Commission. The suit addresses the recent objection from the regulator over a $166M retainer paid to special litigation counsel Dentons. The SEC's argument lies in the fact that the crypto firm's lavish spending was an effort to avoid paying creditors. The post Terraform Labs Pushes Back Against SEC Over Special Counsel Payment appeared first on Cryptonews.
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