Landmark Settlement Reached in Terraform-Do Kwon Case

Thursday, 13 June 2024, 21:33

A significant development as a U.S. judge approves the $4.5 billion settlement between Kwon, Terraform Labs, and the SEC. The settlement includes a ban on trading crypto asset securities along with a substantial sum for disgorgement and penalties. This marks a crucial outcome in the legal proceedings with far-reaching implications for the crypto market and regulatory enforcement.

CoinDesk — Landmark Settlement Reached in Terraform-Do Kwon Case

Landmark Settlement Reached

A U.S. judge approved a $4.5 billion settlement in the Terraform-Do Kwon case amidst ongoing regulatory scrutiny.

Important Points:

Ban on Trading: Kwon and Terraform Labs prohibited from trading crypto securities.
Financial Obligations: Agreement to pay $4.5 billion in disgorgement and penalties.

This development highlights the repercussions of non-compliance in the crypto sector and underscores the importance of regulatory adherence.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.