ℹ️ Court approves settlement agreement between Terraform Labs, Do Kwon and SEC

A court has approved a settlement agreement between Terraform Labs, #DoKwon and the Securities and Exchange Commission (SEC).

As part of the deal, Kwon and Terraform will pay $4.5bn.

#Terraform will pay nearly $3.6bn in compensation, a civil penalty of $420m and about $467m in pre-trial interest.

#kwon agreed to pay $110 million in compensatory damages and $14.3 million in judgement interest, as well as an $80 million civil penalty.

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