After the collapse of $LUNA and UST, Terraform Labs was involved in a lawsuit with the SEC. After much time of negotiation, at 7:45 a.m. (UTC+3 time) the SEC officially accepted and signed an official agreement with Terraform Labs. Terraform Labs accepted a fine of 90 million USD and a recovery plan. restore USTC and $LUNC with a proposed investment of 1.2 billion USD, 100 million USD per month. The above money will be invested in infrastructure, Terra blockchain development, burning mechanism and Repeg.
