OSC to seek warrant for Yonge Street Capital LLC co-founder
Victims set to recover $2.1 million — a small fraction of their losses
Regulator alleges venture was a "multi-layered" fraud
Tokens alone didn't qualify as securities, regulatory tribunal rules
Resolution follows finding that Terraform Labs and its founder are liable for securities fraud
Suit alleges that retail investor trades violated securities law
Fraudster raised $1.2 million from investors in illegal distribution
Settlement includes 20-year market bans, monetary sanctions
Regulator failed to meet burden of proof on all counts
Tribunal accepts settlement with crypto project founders, including more than $1.5 million in sanctions