SEC lawsuit against Terraform Labs and cofounder Do Kwon lives to fight another day

A Manhattan judge ruled on Monday that a lawsuit from the US Securities and Exchange Commission (SEC) against Terraform Labs and its founder Do Kwon will continue as planned. The company and founder were charged with "with orchestrating a multi-billion dollar crypto asset securities fraud" last February and had moved to …

[O RLY]

Hammer an Echo?

Unrelated to the article itself, why did El Reg choose a picture of a judge hammering an Echo/Alexa device for the main page's teaser image?

https://regmedia.co.uk/2018/11/14/shutterstock_amazon-judge.jpg

Onto the article, it sure seems less and less like anyone made an honest billion in crypto.

[Paul Smith]

huh?

The US cigarette and tobacco industry revenue in 2022 was $52bn. (https://www.ibisworld.com/industry-statistics/market-size/cigarette-tobacco-manufacturing-united-states/).This one single crypto company lost $42 billion all on its own. For a judge to say it can not be compared in importance is ridiculous!