Terraform Labs, Do Kwon Settle SEC Charges with $4. 5 Billion Penalty
A U. S. District Court judge has finalized a hefty settlement between the Securities and Exchange Commission (SEC) and Terraform Labs, the company behind the collapsed Terra blockchain ecosystem, and its co-founder Do Kwon. The agreement, approved by Judge Jed Rakoff of the Southern District of New York on June 13th, resolves the SEC’s civil fraud charges against Terraform and Kwon stemming from the TerraUSD (UST) stablecoin […]