Terraform Labs says SEC's $5.3 billion fraud fine request is unreasonable
Terraform Labs Pte. and co-founder Do Kwon told a judge last month that they should not have to pay the $5.3 billion fine demanded by US regulators because most of the company's stablecoins were sold overseas. The US Securities and Exchange Commission alleges in its lawsuit against Terraform and Do Kwon that the company's collapse in 2022 resulted in $40 billion of investor assets becoming worthless and rocked the world of cryptocurrency.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Circle stock surges 266% as new ETFs target $113 price

Bitcoin ETFs see $129M outflow as Ether ETFs gain $281M

Hyperliquid launches RESOLV contract, supporting up to 3x leverage
Privacy executive Silhouette completes $3 million Pre-Seed round of financing
Trending news
MoreCrypto prices
More








