Do Kwon, co-founder and chief executive officer of Terraform Labs, in the company's office in Seoul, South Korea, on Thursday, April 14, 2022. Photo: Woohae Cho/Bloomberg Terraform, Do Kwon to Pay $4.5B in Penalties in Settlement Agreement With SEC
The SEC accused Kwon of fleecing investors for billions from 2018 until May 2022 through the purchase and sale of interconnected crypto assets.
June 12, 2024 at 05:28 PM
2 minute read
Cryptocurrency company Terraform Labs and its founder Do Kwon, which a Manhattan jury found liable on civil fraud charges in April, have brokered a settlement with the U.S. Securities and Exchange Commission for the defendants to pay a combined $4.5 billion in penalties.
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