LIVEEarthquake in the Crypto World: Terraform Labs and Do Kwon Face a 4.5 Billion USD Penalty!
🚨 Big Shock - Terraform Labs and founder Do Kwon have agreed to pay $4.5 billion to settle a civil case with the US Securities and Exchange Commission (SEC). This is one of the biggest cases ever in the history of cryptocurrency.
⚖️ Securities Prohibition Agreement - If the judge accepts this agreement, Do Kwon and Terraform Labs will be prohibited from buying or selling any crypto asset securities.
🔍 Criminal Case? - It is still unclear whether the US Department of Justice will pursue a criminal case against Do Kwon. This becomes even more complicated when Do Kwon has been hiding in Montenegro 🇲🇪 and resisting extradition orders for the past two years.
🌍 Crypto Community Shocked and Concerned - This event makes many investors think about transparency and responsibility in cryptocurrency projects.
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