June 12, 2024
Terraform Reaches $4.47 Billion Settlement with SEC Over UST Stablecoin Collapse
In a major development for the crypto industry, Terraform Labs has agreed to pay a massive $4.47 billion to settle charges brought by the U.S. Securities and Exchange Commission (SEC) related to the collapse of its TerraUSD (UST) stablecoin in 2022. On June 12, 2024, the SEC filed a proposed final ...
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