Do Kwon and Terraform Labs Settle With SEC Over LUNA, TerraUSD Fraud Charges - Decrypt
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News of the tentative settlement was first reported by Reuters. The court listing for the case notes that all parties informed the court of an agreement in principle, with filings in the matter due by June 12. Kwon and Terraform Labs were found guilty by a jury of civil fraud charges in April and de
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- Do Kwon and Terraform Labs are settling with the SEC over fraud charges related to the collapsed LUNA and TerraUSD coins.
- The settlement agreement is still tentative, with filings due by June 12.
- Kwon and Terraform Labs were previously found guilty of civil fraud charges in April.
- The SEC sought financial penalties and orders barring Kwon and his company from the securities industry.
- Kwon also faces criminal fraud charges from the U.S. Department of Justice and financial crime charges from South Korea.
Top Highlights
- News of the tentative settlement was first reported by Reuters. The court listing for the case notes that all parties informed the court of an agreement in principle, with filings in the matter due by June 12.
- Kwon and Terraform Labs were found guilty by a jury of civil fraud charges in April and declared liable for defrauding investors about the coins. Today’s settlement would likely determine how much Kwon and the firm have agreed to pay following the April verdict, and could also pertain to Kwon’s future in finance.
- Do Kwon and Terraform Labs Settle With SEC Over LUNA, TerraUSD Fraud Charges The startup behind the collapsed LUNA and TerraUSD coins is settling with the SEC over fraud charges, a court filing revealed Thursday.
- Terraform Labs, the Do Kwon-led startup behind the collapsed LUNA cryptocurrency and TerraUSD (UST) stablecoin, has agreed in principle to a settlement with the United States Securities and Exchange Commission (SEC) over fraud charges.
- News of the tentative settlement was first reported by Reuters. The court listing for the case notes that all parties informed the court of an agreement in principle, with filings in the matter due by June 12. Kwon and Terraform Labs were found guilty by a jury of civil fraud charges in April and declared liable for defrauding investors about the ...
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