🚨 BREAKING NEWS : DO KWON & TERRAFORM LABS SETTLE WITH SEC 🚨
🌟 Settlement Reached ! 🌟
Terraform Labs and Do Kwon have reached a settlement with the SEC, canceling their scheduled May 29 court hearing. The final agreement is expected by June 12. This comes after the $40 billion Terra-Luna collapse in May 2022. Initially, the SEC sought a $5.3 billion fine, but Kwon negotiated it down to $1 million.
💥 Major Collapse Impact 💥
The Terra-Luna collapse caused significant financial losses, highlighting the volatility in the cryptocurrency market.
🌍 Extradition Battle 🌍
Kwon remains in Montenegrin custody as the U.S. and South Korea compete for his extradition. The final terms of the deal are still undisclosed.
🗓️ Upcoming Developments 🗓️
More details are expected soon, shedding light on the full impact of this settlement on the market and investors.
