🚀 Terraform Labs and its founder, Do Kwon, have agreed to pay a whopping $4.5 billion in a settlement with the SEC. The deal, approved by Judge Jed Rakoff, essentially bans them from the crypto universe. Kwon, currently in Montenegro after a stint in jail for passport fraud, is awaiting extradition decisions from the U.S. and South Korea. His legal team won an appeal against his extradition last month. Now, the Terra community will take over operations. Talk about a costly crypto crash landing! 🚀