Terraform Labs and Do Kwon just got slapped with a $4.5 billion fine by the SEC for their role in the whole TerraUSD (UST) collapse. This includes paying back profits, interest, and penalties. Good riddance! ๐ฌ
But here's the real question: โ๏ธ๐ค Will any of this money go back to the people who lost everything, especially those outside the US? That's not entirely clear yet. ๐ค๐
A lot of folks, especially those chasing those super high yields (remember the 20-30% APY on UST?), got burned real bad in this crash. ๐ธ๐ซฃ It would be nice to see them get some compensation, but the details on how (or even if) that will happen are still up in the air. ๐๐คท
Share your thoughts with us and stay tuned for more updates! DYOR! #TopCoinsJune2024 #altcoins $LUNA $LUNC