SEC v. Terraform Labs/Do Kwon Securities Fraud Case Latest Development:
👉Since the jury found him guilty, the SEC requested the court to make a final judgment on the case and requested:
① Require the defendants Terraform Labs/Do Kwon to pay civil penalties of US$4 billion and US$100 million respectively;
② Impose an industry behavior ban on the defendants and executives;
③ Require Terraform Labs, which has filed for bankruptcy, to pay the fine in accordance with the court's ruling and not to evade payment through bankruptcy procedures;
👉 Do Kwon applied for defense, saying:
The court should not "take an injunction" against him and require him to "return the illegal gains", but should evaluate whether to impose an appropriate civil penalty on him based on Terraform Labs' arguments and the SEC's burden of evidence;
The case has entered the extension stage again, and Terraform Labs has not yet submitted an appeal document to respond (it is likely to insist on appealing to a higher court later)
