$LUNC

The document appears to be a letter addressed to Judge Jed S. Rakoff of the Securities and Exchange Commission (SEC) regarding the case "SEC v. Terraform Labs et al." Letter, Terraform Labs PTE Ltd. ("Terraform") and a request for approval of the proposed final approval decision against Do Hyeong Kwon ("Kwon").

The main points in the document are:

1. **Context and Purpose**:

- SEC, Terraform Labs PTE Ltd after the jury decision. (“Terraform”) and requests approval of the proposed final consent decree against Do Hyeong Kwon (“Kwon”). The jury found the defendants liable for a massive securities fraud.

- The decision aims to impose significant penalties and deterrent measures to address massive fraud, ensuring financial recovery for investors who suffered losses when Terraform's scheme collapsed.

2. **Proposed Decision Details**:

- The decision includes both financial and precautionary measures:

- Recovery of millions of dollars of legitimate profits and interest.

- Major civil penalty.

- Measures aimed at preventing future securities law violations by Kwon and Terraform, especially those related to crypto assets.

3. **Special Conditions of the Agreement**:

- The agreement includes the transfer of hundreds of millions of dollars of assets to the SEC.

- Specific financial penalties and amounts to be recovered are specified, for example:

- $4,473,828,300 amount to be recovered.

- $466,952,423 statutory interest.

- $80,000,000,000 civil penalty.

4. **Precautionary Measures**:

- Prohibits Kwon from engaging in securities transactions involving crypto assets.

-Prohibits Kwon from serving as an officer or director of a public company.

- Prevents Kwon from participating in activities related to the issuance, purchase, offer or sale of any securities.