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While the fallen crypto mogul is still in Montenegro, he is now personally on the hook for $204 million.

The US District Court for the Southern District of New York has issued a final judgment against Terraform Labs and its co-founder Do Kwon, in the high-profile case filed by the Securities and Exchange Commission (SEC).

The now-bankrupt cryptocurrency firm Terraform Labs has reportedly reached a massive $4.47 billion deal with the US Securities and Exchange Commission for its TerraUSD/LUNA scam. The controversial company and its once-fugitive founder, Do Kown, were found guilty by an American jury of defrauding crypto investors who lost a whopping $40 billion when its native tokens Terra USD (TUSD) and LUNA collapsed.

Terraform Labs agreed to pay a bigger penalty than the fine the U.S. Justice Department levied on crypto exchange Binance.

The well-calculated move will establish a 10% allocation to LUNC's Oracle Pool as a power-up for the embattled chain.

Terraform Labs, the company at the center of a significant collapse in 2022, has agreed to pay a substantial settlement of $4.47 billion to resolve a civil lawsuit filed by the US Securities and Exchange Commission (SEC).

Terraform Labs and its former CEO Do Kwon have agreed to a settlement agreement with the U.S. Securities and Exchange Commission (SEC) that would see them forking over a combined $4.5 billion in disgorgement and civil penalties.

The proposed judgement would also block Do Kwon from becoming an officer or director of any public firm.

Terraform Labs has reached an agreement with the U.S. Securities and Exchange Commission (SEC) to pay $4.47 billion, resolving a significant dispute. This comes from the $40 billion market loss in 2022 caused by the Terra ecosystem collapse. Terraform Labs to Pay Nearly $4.

Terraform Labs and Do Kwon settle with SEC for $4.47 billion over TerraUSD collapse.

Terraform Labs agrees to a $4.47 billion SEC settlement after a jury verdict on its 2022 collapse that affected investors. The post Terraform Labs settles SEC lawsuit for $4.47 billion appeared first on Crypto Briefing.

The settlement would resolve a civil lawsuit filed by the Securities and Exchange Commission following Terraform's collapse in 2022.

Embattled blockchain startup Terraform Labs has agreed to settle charges levied against it by the United States Securities and Exchange Commission (SEC) for $4.47 billion. Terraform Labs To Finally Gain Freedom The news of the settlement was first shared by Reuters in what will come as the next high-profile case in the crypto ecosystem to

The Securities and Exchange Commission asked the court to approve a final consent judgment in its case against Terraform Labs and its former CEO Do Kwon.

Terraform Labs has agreed to settle with the US Securities and Exchange Commission (SEC) for $4.47 billion, marking a significant resolution in the regulatory crackdown on the cryptocurrency industry.

Crypto firm Terraform Labs has agreed to pay $4.47 billion to resolve a lawsuit filed by the Securities and Exchange Commission, the regulator said on Wednesday.

LUNC News: Terra Luna Classic proposal to implement Tax2Gas and remove the need for separating handling and calculation of tax. Tax2Gas will incorporate the tax into the gas and decrease complexities for dApp developers, as per a proposal by StrathCole and Genuine Labs.

Cryptocurrency prices are in the red for the third day in a row while the Terra Luna Classic price prediction reveals a potential uptick in price to $0.0002 if certain conditions are met. LUNC, the token powering the ecosystem is down 2.77% to hover at $0.0001015 during US business hours on Wednesday.

LUNC News: The Terra Luna Classic community has started voting on a key proposal to implement a revised LUNC burn tax distribution. This pay-per-job (PPJ) proposal seeks community members and validators' approval on moving ahead with changes as per proposal 12098 passed earlier by the Terra Classic community in April.

LUNC Price Analysis: In a widespread market crash, Terra price plummeted by 19% in a single day on June 8, closing below a crucial market structure. This significant drop occurred just days before the TFL-SEC memorandum was submitted to the court.

Terra Luna Classic community has passed a proposal by Genuine Labs developer group to disburse payment for development work in the last few months. The proposal represents tasks undertaken including upgrade Terra Classic core to sdk47, prevent p2p storms, and update relevant dependencies.

Although many assets in the cryptocurrency market have recorded a successful year so far, this has not been the case for Terra Classic (LUNC), the price of which has been recording poor results on all of its charts and has declined by over 20% since the year's turn.

Crypto exchange Binance TH, a joint venture between Binance and Gulf Energy, on Saturday announced listing of new trading pairs and existing tokens on new networks. Binance's Thailand arm to list trending crypto including Terra Classic (LUNC), USTC, Terra (LUNA), Shiba Inu (SHIB), Celestia (TIA), Wormhole (W), Bittensor (TAO), and others.

Terra Luna Classic ecosystem tokens LUNC and USTC both saw breakouts above support levels in the last 24 hours. As a result, it recorded massive buying by spot and derivatives traders.