• Written by: (Blockchain News
  • Tue, 23 Apr 2024
  •   Hong Kong

The US Securities and Exchange Commission (SEC) has filed a motion for billions of dollars in disgorgement and civil penalties against Terraform Labs and co-founder Do Kwon. The SEC is seeking $4.7 billion in disgorgement and prejudgment interest, along with $520 million in civil penalties. Terraform and Kwon have proposed lower penalties, and the SEC is also considering additional measures to prevent future violations. (Read More)

SEC Seeks $5.3B Judgment Against Terraform Labs and Do Kwon