💥LUNA’s finale: Terraform Labs and Do Kwon fined $4.5 billion! 💥
🌪 In the highly anticipated SEC lawsuit, the US court made a final judgment against Terraform Labs and its co-founder Do Kwon, with a fine of up to $4.5 billion! 💸
🔍 The judgment found that multiple securities law violations were established, and the fines included $3.6 billion in fines and forfeitures, $467 million in withholding interest, and $420 million in civil penalties.
🏦 Kwon also needs to transfer assets such as PYTH tokens to the bankruptcy estate to compensate damaged investors. The court ordered him to permanently ban trading in unregistered securities and crypto assets.
🚨 The SEC will use all authorized means to enforce the judgment. If Kwon does not comply with the transfer order, he will face civil contempt of court penalties.
📉 The LUNA case has come to an end. How will investors and the market respond? Please pay close attention! 📈
