Terraform Labs Can’t Pay $4.5bn SEC Settlement With Only $75 Million Worth of Assets

ccn.comPublicado em 2024-10-16Última atualização em 2024-10-16

Terraform Labs, responsible for the TerraUSD stablecoin, has agreed to pay $4.47 billion in fines to settle a civil lawsuit with the Securities and Exchange Commission (SEC), as announced on Wednesday.

Additionally, Do Kwon, the company’s founder and a figure in ongoing criminal proceedings by the Justice Department, will contribute $204 million towards the settlement with the SEC.

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