🤓 Court Approves Settlement Between Terraform Labs, Do Kwon, and the SEC

The court has approved a settlement between Terraform Labs, Do Kwon, and the Securities and Exchange Commission (SEC).

As part of the deal, Kwon and Terraform will pay $4.5 billion.

Terraform will pay nearly $3.6 billion in restitution, a civil penalty of $420 million, and about $467 million in prejudgment interest.

Kwon has agreed to pay $110 million in restitution, $14.3 million in prejudgment interest, and a civil penalty of $80 million.