Terraform Labs and Do Kwon agree to pay the SEC a total of $4.5 billion in a civil fraud case.

If the judge approves the agreement, it will also prohibit Do Kwon and Terraform Labs from buying or selling all crypto asset securities.

This is a civil case, it is unclear whether the Ministry of Justice will bring a criminal case against Do Kwon or not. This is also difficult because Do Kwon has been hiding in Montenegro 🇲🇪 and resisting extradition orders for the past 2 years.