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💵 The US SEC has proposed fines for Do Kwon and Terraform Labs totaling $5.3 billion.
The SEC's demand includes compensating investors with $4.12 billion and $545 million to cover legal costs. TFL and Kwon are also facing civil penalties of $420 million and $100 million respectively.
In turn, Terraform Labs' lawyers proposed a "maximum possible" payout of $3.4 million. Representatives of TFL's CEO called the amount around $800,000.
#TERRA #luna #SECvsCrypto #Fines $LUNA
The SEC's demand includes compensating investors with $4.12 billion and $545 million to cover legal costs. TFL and Kwon are also facing civil penalties of $420 million and $100 million respectively.
In turn, Terraform Labs' lawyers proposed a "maximum possible" payout of $3.4 million. Representatives of TFL's CEO called the amount around $800,000.
#TERRA #luna #SECvsCrypto #Fines $LUNA
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