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@vitalyobey
🤓 The court approved the settlement agreement between Terraform Labs, Do Kwon and the SEC The court approved the settlement agreement between Terraform Labs, Do Kwon and the Securities and Exchange Commission (SEC). As part of the deal, Kwon and Terraform will pay $4.5 billion. Terraform will pay nearly $3.6 billion in damages, a civil penalty of $420 million and approximately $467 million in pre-judgment interest. Kwon agreed to pay $110 million in compensatory damages and $14.3 million in judgment interest, as well as a civil penalty of $80 million.
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