Crypto World Shock: Terraform Labs and Do Kwon Face $4.5 Billion Fine!
đš Major Shock - Terraform Labs and its founder Do Kwon have agreed to pay $4.5 billion to settle a civil lawsuit with the U.S. Securities and Exchange Commission (SEC). This is one of the largest cases in cryptocurrency history.
âïž Ban on Trading Securities - If the judge accepts this settlement, Do Kwon and Terraform Labs will be prohibited from buying or selling any cryptocurrency securities.
đ Criminal Charges? - It remains unclear whether the U.S. Department of Justice will pursue criminal charges against Do Kwon. This is complicated by the fact that Do Kwon has been hiding in Montenegro đČđȘ and resisting extradition orders for the past two years.
đ Crypto Community Shocked and Concerned - This event has made many investors reconsider the transparency and responsibility within cryptocurrency projects.
Source https://t.me/aitekanalytics
