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The Terra civil case

The legal branch of the Terra story: allegations, a verdict, a response, and a settlement.

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Reviewed 9/21/2026

US civil proceedings through June 2024, not a criminal conviction or a record of completed investor repayments.

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Attributed claim

SEC alleges securities fraud

US Securities and Exchange Commission

The SEC filed a civil complaint alleging fraud involving Terraform crypto assets.

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An allegation starts a case; it is not itself a court finding.

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Attributed claim

Terraform disputes the verdict

Terraform Labs, reported by Axios

A company spokesperson said the verdict was not supported by the evidence.

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This records the company response, not a reversal of the jury verdict.

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From the beginning

Through 6/13/2024

US civil proceedings through June 2024, not a criminal conviction or a record of completed investor repayments.

Explore this branchTerra: from collapse to civil verdict