Terraform, Do Kwon to pay $4.5bn following fraud verdict
Kwon to contribute more than $200 million, Terraform to wind down, and assets to be distributed to investor victims.
Kwon to contribute more than $200 million, Terraform to wind down, and assets to be distributed to investor victims.
The SEC has charged Terraform Labs and Do Hyeong Kwon with orchestrating a multi-billion dollar crypto asset securities fraud.
Court of Appeals has affirmed a district court order requiring compliance with SEC subpoenas issued as to Terraform Labs.
The Court has ordered Terraform Labs PTE, Ltd., and its co-founder and CEO, Do Kwon to comply with SEC subpoenas.
The SEC is investigating whether Terraform Labs violated the federal securities laws by not registering the offer or sale of securities.