Follow Me For More Free and Confirm Signal
Breaking news, BTC enthusiasts! The
U.S. Securities and Exchange Commission
(SEC) is urging a Delaware bankruptcy court
to reject Terraform Labs' proposal to retain
Dentons U.S. LLC as its special counsel,
citing a "suspicious" $166 million transfer to
the law firm.
The SEC believes this transaction could be
an attempt to evade settling a forthcoming
judgment in the agency's lawsuit against
Terraform Labs. They've even dubbed the
Dentons Advance Payment Retainer as an
"opaque slush fund" for legal fees!
With $81 million still remaining in the
retainer, the SEC wants a fee examiner
appointed to scrutinize the payment
and requests that Dentons refrain from
representing Terraform Labs unless the
remaining funds are refunded. A
Stay tuned for more updates as U.S.
Bankruptcy Judge Brendan Shannon
presides over the arguments at a court
hearing scheduled for March 5 in Wilmington,
Delaware.
#TrendingTopic #Portal #BTC #BONK #DOGE $BTC $ETH $BNB