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News Explorer — Terraform Labs and Do Kwon Agree to Pay $4.5 Billion to Settle SEC Fraud Case

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Jun 12, 9:15 pm
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Terraform Labs and Do Kwon Agree to Pay $4.5 Billion to Settle SEC Fraud Case

Terraform Labs and its former CEO Do Kwon have agreed to pay around $4.5 billion in a settlement agreement with the SEC. The company and individual were found liable on civil fraud charges for misleading investors about the Terra blockchain's success before its collapse. Kwon will personally pay $204 million as part of the agreement.

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