Terraform Labs Pays $4.47 Billion to Settle SEC Lawsuit

Terraform Labs Pte. will pay $4.47 billion to resolve a US Securities and Exchange Commission lawsuit over the firm’s 2022 collapse, which wiped out $40 billion in investor assets and shook the cryptocurrency world. Terraform Labs Legal Battle and Settlement…

Terraform Labs Deems SEC’s $5.3 Billion Fraud Penalty Proposal Unwarranted

Terraform Labs Pte, along with its co-founder Do Kwon, has recently faced significant legal challenges after being found liable for fraud by a New York jury. The U.S. Securities and Exchange Commission (SEC) accused Terraform and Kwon, the creator of…

Terraform Labs Seeks Penalty Reduction in SEC Fraud Case After $5.3 Billion Fine Proposal

Lawyers representing Terraform Labs and its co-founder, Do Kwon, have requested a reduced penalty following their clients’ recent conviction for fraud. They argue that a fine closer to $1 million is more appropriate than the $5.3 billion proposed by the…

Terraform Labs and Founder Do Kwon Face Fraud Verdict in SEC Case

In a significant verdict delivered by a Manhattan jury, Singapore-based Terraform Labs and its founder, Do Kwon, have been found liable on civil fraud charges. The jury’s decision, in agreement with the U.S. Securities and Exchange Commission (SEC), validates the…