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Market Cap:
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Bitcoin Bitcoin Share: 49.84%
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CoinOtag
2024-06-12 23:16:34

Terraform Labs and Do Kwon Settle with SEC for Record $4.47 Billion over Terra (LUNA) Fraud

Terraform Labs and Do Kwon Settle with SEC for Record $4.47 Billion over Terra (LUNA) Fraud

Terraform Labs has reached a monumental settlement with the Securities and Exchange Commission (SEC), consenting to a $4.47 billion fine for fraudulent activities tied to the defunct Terra blockchain. In a correspondence sent Wednesday to US District Judge Jed Rakoff, the SEC sought approval for its proposed final consent judgment involving Terraform and its well-known

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