Following the Terra SEC case, an official statement was made by the SEC.
The explanation is; “Terraform Labs PTE, Ltd. and Do Kwon agreed to pay more than $4.5 billion after a unanimous jury verdict found them liable for orchestrating a years-long fraud involving cryptoasset securities that resulted in massive investor losses when the scheme was unraveled.” It was said.
⚠️Where did Terra get this money? It will appear soon.
