Breaking News: Terraform Labs and Do Kwon Agree to $4.47 Billion Settlement with SEC!
In a shocking turn of events, Terraform Labs and its founder Do Kwon have reached a settlement with the US Securities and Exchange Commission (SEC), agreeing to pay a staggering $4.47 billion fine!
The settlement breaks down to:
- $3.6 billion in restitution
- $420 million in civil penalties
- $467 million in prejudgment interest
But here's the catch: Terraform Labs has gone bankrupt, leaving many wondering if they have the funds to pay up!
Stay tuned for more updates on this developing story!