🚀🔥 Terraform Labs and former CEO Do Kwon are set to pay the SEC a whopping $4.5 billion in disgorgement, prejudgment interest, and civil penalties. Talk about a hefty bill! 💸💸

The settlement, which still needs a nod from the New York judge, would also permanently ban Kwon and Terraform Labs from trading crypto asset securities. So, no more crypto shopping for them! 🚫🛍️

This agreement comes after a New York jury found Kwon and Terraform Labs guilty of civil fraud charges related to the $40 billion collapse of the Terra ecosystem in May 2022. Kwon, currently in custody in Montenegro, was noticeably absent from the trial. 🏛️👀

What's your take on this? Drop your thoughts below! 👇👇 #DeFi #Web3 #CryptoNews