End of the Line? Terraform Labs Agrees to $4.7 Billion SEC SettlementKwon Do Hyung and Terraform Labs have agreed to pay the U.S. Securities and Exchange Commission (SEC) a fine of $4.47 billion. This is in response to the so-called stablecoin TerraUSD virtual asset collapse in 2022, which resulted in a $40 billion loss. A stablecoin is a virtual asset linked to the U.S. dollar. According […]
Terraform Labs Faces $4.47B Fine in SEC Deal Over Crypto FraudKwon Do Hyung, the central figure in the Terra and Luna cryptocurrency crash, and his company Terraf ...
From Boom to Bust: Terraform Labs Faces $4.7 Billion SEC SettlementTerraform Labs CEO Kwon Do Hyung was taken into custody by Montenegrin police on March 24 last year. Cryptocurrency issuer Terraform Labs and co-founder Kwon have agreed to pay a total of $4.47 billion in restitution and fines regarding the collapse of Terra and Luna with the U.S. Securities and Exchange Commission (SEC). According to […]
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End of the Line? Terraform Labs Agrees to $4.7 Billion SEC Settlement Kwon Do Hyung and Terraform Labs have agreed to pay the U.S. Securities and Exchange Commission (SEC) a fine of $4.47 billion. This is in response to the so-called stablecoin TerraUSD virtual asset collapse in 2022, which resulted in a $40 billion loss. A stablecoin is a virtual asset linked to the U.S. dollar. According […]
Terraform Labs Faces $4.47B Fine in SEC Deal Over Crypto Fraud Kwon Do Hyung, the central figure in the Terra and Luna cryptocurrency crash, and his company Terraf ...
From Boom to Bust: Terraform Labs Faces $4.7 Billion SEC Settlement Terraform Labs CEO Kwon Do Hyung was taken into custody by Montenegrin police on March 24 last year. Cryptocurrency issuer Terraform Labs and co-founder Kwon have agreed to pay a total of $4.47 billion in restitution and fines regarding the collapse of Terra and Luna with the U.S. Securities and Exchange Commission (SEC). According to […]
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