Terraform, Do Kwon Agree in Principle to Settle Fraud Case With SEC: Court Filing
Powered by @unfolded- Terraform Labs and co-founder Do Kwon have reached a "settlement in principle" with the SEC regarding a fraud case.
- The settlement comes after the SEC sought a $5.3 billion penalty, its largest ever on a cryptocurrency project.
- The parties must file the required documents in support of the settlement by June 12.
- Do Kwon is currently out on bail in Montenegro and faces criminal charges in both the U.S. and South Korea.