Throughout her closing arguments on Friday, SEC lawyer Laura Meehan advised the jury that in a previous de-peg in Could 2021, Kwon and Terraform Labs made a “secret settlement” with Leap, a buying and selling store that acted as a market maker for Terraform Labs, to step in and purchase hundreds of thousands of {dollars} of UST off-chain to inflate the worth and convey it again to parity with the greenback.
