Details of the agreement between Terraform Labs and the US SEC: the company is being closed after paying a fine of $4.47 billion. 

Yesterday,#Reuterspromptly reported that, as expected, by June 12, Terraform Labs and the US SEC had reached an agreement.

The agreement includes $3.58 billion in damages and $420 million in civil penalties. And also - a ban on Terraform Labs co-founder Do Kwon from holding management positions in public companies.

Kwon will also have to contribute his own $204 million toward “company assets for distribution to affected investors.” Considering the scale of what happened, they get off lightly.

All this, of course, does not even come close to solving the problem of billions of dollars of losses among#LUNAand#USTholders due to the “death spiral” and the collapse of the entire ecosystem in the spring of 2022. A crypto market expert and founder of The Daily Gwei, commenting on the news of the fine, wrote that “ If Terraform Labs has that much money to pay the SEC fine, then it would be better to use it to compensate users affected by the collapse.” But who cares about the victims, the SEC needs to meet its budget.

Terraform Labs itself is winding down its activities, and the company's CEO, Chris Amani, has asked the community to take over management of the Terra project. Ecosystem projects such as Pulsar Finance, Station Wallet and Enterprise DAO will be sold. 


For us, the key question is the fate of#LUNA1.0, the#LUNCcoin. Which we bought during the collapse of the ecosystem at a price slightly higher than the current one. And they didn’t sell either during the pump in September 2022 or during the growth in December 2023 and March 2024. Binance, in theory, still has large positions in the asset. And we believe that there is no need to wait for delisting until they are unloaded. Although the exchange is now being cleaned up by delisting garbage projects like #WAVE.

Therefore, we will continue to wait for the asset to grow. And the news on the settlement with the SEC is beneficial for this scenario. An important confirmation of the reversal will be a breakdown of the downward trend from September 2022. It is marked on the chart with a dotted line and is now passing through the volume level of $0.00023673.