The US Securities & Exchange Commission is seeking to impose a $5.3 billion fine on Terraform Labs and its co-founder Do Kwon for alleged violations. The SEC has requested a New York court to order the payment, escalating penalties against crypto firms.
The SEC has asked a New York court to impose a $5.3 billion fine on Terraform Labs and co-founder Do Kwon, per CoinDesk.
The U.S. SEC has requested the court to order #TerraformLabs and #DoKwon to pay approximately $5.3 billion. https://t.co/5aB0Ia487B
Wow SEC looking to fine Do Kwon and Terraform Labs $5.3B USD Do Kwon's Huge Fine Shows the SEC Is Ratcheting Up Penalties Against Crypto Firms https://t.co/260nqUbNP5 via @coinstats
Wow SEC looking to fine Do Kwon and Terra $5.3B USD Do Kwon's Huge Fine Shows the SEC Is Ratcheting Up Penalties Against Crypto Firms https://t.co/260nqUbNP5 via @coinstats
US regulator seeks $5bn penalty against Do Kwon and Terraform Labs https://t.co/GkjUPLJfg0
The US Securities & Exchange Commission wants to impose a $5.3 billion fine on Terraform Labs and its co-founder Do Kwon https://t.co/ZDcqRZ7vCn