🚀 Terraform Labs and CEO Do Kwon are set to settle a fraud case with the SEC, according to recent court filings. The duo was found guilty of misleading investors about the stability and potential of their crypto tokens, including the algorithmic stablecoin Terra USD (UST). 🥶 This case triggered a crypto winter in May 2022, causing a market downturn. The SEC is seeking a whopping $5.3 billion in penalties, while Terraform Labs suggests a more modest $1 million. 😅 What's your take on this? Let's discuss in the comments! #CryptoNews #TerraformLabs #SEC