Do Kwon, Terraform Labs Should Get $5.3B Fine, SEC Tells Court

The SEC asked a New York judge to impose $5.3 billion in fines against Terraform Labs and Do Kwon to resolve the civil fraud case against them. The regulator says the fines are a “conservative” but “reasonable approximation” of Terraform and Kwon’s “ill-gotten gains" from the fraud.

The U.S. Securities and

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