In a significant development in the ongoing legal battle between Terraform Labs, its co-founder Do Kwon, and the United States Securities and Exchange Commission (SEC), a jury recently reached a verdict, holding both parties liable for defrauding investors. The decision, announced on April 5 by SEC Enforcement Director Gurbir Grewal, marks a pivotal moment in the civil enforcement case unfolding in the U.S. District Court for the Southern District of New York.