The post Terra Fights Back Against SEC’s “Excessive” $5.3B Fine in Stablecoin Fraud Case appeared first on Coinpedia Fintech News The legal showdown of March 2024 continues even in May! Terraform Labs and its co-founder Do Kwon found themselves in hot water as a New York jury slapped them with fraud charges, with U.S. regulators seeking a whopping $5.3 billion penalty. Terraform’s legal team promptly fired back, arguing against the allegations, citing issues with jurisdiction …