ChainCatcher news, the U.S. Securities and Exchange Commission (SEC) issued an announcement stating that Terraform Labs PTE, Ltd. and Do Kwon agreed to pay more than $4.5 billion.

SEC Chairman Gary Gensler said: "This case confirms the fact that has been reiterated: the economic substance of a product is not a label, promotion or hype, which determines whether it is a security under the securities law. Terraform and Do Kwon's fraud reminds us that when companies break the law, investors will be harmed."