Terraform, US SEC settlement 

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Certainly! Terraform Labs, the company behind the failed TerraUSD and Luna cryptocurrencies 

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has agreed to pay nearly $4.5 billion in a settlement with the U.S. Securities and Exchange Commission (SEC) 

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The collapse of TerraUSD and Luna in 2022 resulted in an estimated $40 billion in losses for crypto holders 

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As part of the settlement, former Terraform Labs CEO Do Kwon will also contribute $200 million to the Terraform bankruptcy estate. 

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The settlement includes approximately $3.5 billion in disgorgement 

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over $460 million in prejudgment interest 

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and $420 million as a civil penalty. 

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Additionally, Kwon is barred from serving as an officer or director of a public company  

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This significant financial remedy aims to provide swift recovery for the investors who suffered losses due to Terraform’s crypto scheme collapse  

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This significant financial remedy aims to provide swift recovery for the investors who suffered losses due to Terraform’s crypto scheme collapse  

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