🔔 Terraform Labs has agreed to a whopping $4.47B settlement with the SEC over fraudulent activities linked to the now-defunct Terra blockchain. 🚀

- The SEC sees this as a fair response to the scale of the fraud, allowing for a swift recovery of billions lost by investors. 💰

- The settlement includes $3.6B in disgorgement, $466M in prejudgment interest, and a $420M civil penalty.

- Co-founder Do Kwon will foot almost all the penalties, including a $204M relief going straight to the Terraform Labs bankruptcy estate to help affected investors.

This could be the largest crypto fraud settlement to date, even surpassing Binance's $4.3B settlement last November. 🏆

However, doubts linger if Terraform or Kwon can actually afford the charges. What do you think? 💭 #DeFi #CryptoNews