SEC Seeks $5.3 Billion Fine In Terraform Labs Fraud Case

US regulatory authorities are requesting that Terraform Labs and its co-founder Do Kwon be fined $5.3 billion for allegedly defrauding investors. This update has been announced after the two parties had been found liable for a massive fraudulent scheme.

The U.S. Securities and Exchange Commission (SEC) is reportedly looking to hit the disgraced founder of the Terra ecosystem with a multibillion-dollar fine. According to a new report by Bloomberg, the regulatory agency is seeking a $5.

TerraForm Labs and Do Kwon get slapped with the potentially hugest crypto-related fine ever recorded.

Suggested fines the securities watchdog suggested for Terraform Labs and Ripple are out-of-line with what it has collected from crypto firms in the past.

Terraform Labs co-founder Do Kwon filed a fresh appeal in his Montenegrin legal saga, accusing a court of "bizarre" legal interpretations.

After a jury found Terraform Labs and Do Kwon liable for fraud in its long-standing case with the U.S. Securities and Exchange Commission (SEC), the regulator has asked a New York court to impose $5.3 billion in disgorgement and civil penalties.