Terraform Labs and its founder, Do Kwon, have reached a tentative settlement with the SEC regarding the 2022 collapse of TerraUSD. The SEC accused them of misleading investors about TerraUSD’s stability and its blockchain's usage claims. The proposed settlement includes significant fines and bans, pending approval by June 12. This agreement marks a pivotal moment in addressing the legal ramifications of TerraUSD's failure, which resulted in over $40 billion in investor losses.
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