Terraform Labs has reached a settlement with the U.S. Securities and Exchange Commission (SEC), agreeing to pay $4.47 billion. This move aims to resolve the civil lawsuit filed by the SEC, following the collapse of the Terra ecosystem in 2022. The settlement includes disgorgement fines of $3.58 billion, a civil penalty of $420 million, and […]

Terraform Labs Navigates Bankruptcy Waters In a significant development, Terraform Labs, known for its stablecoin TerraUSD, has filed for Chapter 11 bankruptcy in the United States. The bankruptcy filing occurred just four days after a significant decision. The U.S. Securities and Exchange Commission (SEC) agreed to postpone Kwon’s fraud trial to March 25. The Terra […]

A U.S. federal judge has issued a ruling supporting the Securities and Exchange Commission (SEC) in their lawsuit against Terraform Labs and its ex-CEO, Do Kwon U.S. Court Rules on Terraform’s Unregistered Token Per the verdict of a U.S. court, Terraform Labs and Do Kwon were found to have sold two unregistered securities, specifically the […]