#Terraform Labs

Highlights: The SEC rejected Ripple’s comparison to Terraform Labs, citing significant case differences. Ripple’s penalty comparison based on Terraform’s ratio ignored gross profits, leading to a proposed $102.6 million penalty. The SEC emphasized that Terraform Labs’ bankruptcy and restitution measures […]

Terraform Labs, a blockchain company founded by Do Kwon, is closing down after agreeing to pay a hefty $4.5 billion to settle a fraud lawsuit with the U.S. Securities and Exchange Commission (SEC). Terraform’s CEO, Chris Amani announced this significant […]

Highlights: Terraform Labs and Do Kwon agree to pay $4.47 billion to the SEC in a fraud settlement. The settlement permanently bans Terraform Labs and Kwon from trading crypto asset securities. Kwon must transfer $204.3 million to the Terraform bankruptcy […]

Highlights: Luna Foundation Guard transferred $94.7 million in crypto assets for enhanced security. LFG’s asset transfer aligns with adopting direct custody amid legal issues. Legal settlements continue as Terraform Labs faces multiple international charges. Luna Foundation Guard (LFG) has recently […]

Highlights: Terraform Labs and CEO Do Kwon agree to settle with the SEC on fraud charges. Settlement terms to be finalized and submitted for approval by June 12, 2024. Do Kwon faces separate criminal charges in the US and South […]