Cryptopolitan
2024-06-13 00:06:36

Terraform Labs settles to pay SEC $4.5 billion in fraud case

Terraform Labs, the crypto firm responsible for the implosion of TerraLuna and TerraUSD has reached a $4.47 billion settlement with US Securities and Exchange Commission (SEC). The fine is about its algorithmic stablecoin which crashed drastically in 2022. Also read: Terraform Labs challenges SEC over unjust $5.3 billion penalty According to the settlement, Terraform Labs

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