Breaking: Terraform Labs and Do Kwon Agree To Settle SEC Case: Reuters

CryptoNews.com

2024-05-30 07:57:25

Julia Smith

Last updated:

May 30, 2024 11:57 EDT | 1 min read

Do kwon, Terraform Labs, SEC Do Kwon Terraform Labs and Do Kwon have reportedly agreed to settle their case with the United States Securities and Exchange Commission (SEC), new court documents revealed Thursday.

If approved, the settlement marks the end of a dramatic legal saga between the federal regulator and Kwon and his company.

News of the settlement comes just one month after Kwon was found liable for decimating $40 billion from cryptocurrency markets thanks to the Terra eco collapse in May 2022.

Reuters was first to report the news.

Editorial note: This story is currently being added to. For the full story check back soon as we add more information and/or perspectives from those involved.

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