SEC Requests Record $5.3 Billion Fine in Terra Ecosystem Implosion Lawsuit

Tuesday, 23 April 2024, 17:48
The U.S. Securities and Exchange Commission (SEC) is pursuing a $5.3 billion fine against Terraform Labs and co-founder Do Kwon for their involvement in the $40 billion Terra ecosystem collapse of 2022. The SEC's move signifies a significant enforcement action against the crypto industry, highlighting the regulatory scrutiny faced by key players like Kwon and the impact on investor protection.
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SEC Requests Record $5.3 Billion Fine in Terra Ecosystem Implosion Lawsuit

SEC Requests Record Fine in Terra Ecosystem Case

The U.S. Securities and Exchange Commission (SEC) has asked a New York court to impose $5.3 billion in fines on Terraform Labs and co-founder Do Kwon for their role in the $40 billion implosion of the Terra ecosystem in 2022.

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