Here's how all of the investors' fortunes were tied together.
SEC v. Terraform Court Filing, retrieved on February 16, 2023, is part of . You can jump to any part in this filing . This is part 19 of 38. HackerNoon’s Legal PDF Series here C. UST Common Enterprise 70. Investors in UST invested in a common enterprise with other UST purchasers, as well as with Terraform and Kwon. 71.
Terraform and Kwon both deposited UST, sometimes in the millions or tens-of millions, respectively, into the Anchor Protocol. Kwon tweeted in May 2021 that Terraform owned $59 million in UST, and Kwon consistently held in excess of 1 million UST, further showing that investors' fortunes were tied to the fortunes of Defendants. 73.
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