TERRAFORM AGREES TO PAY $4.47 BILLION IN PROPOSED JUDGMENT WITH THE SEC

Summary from the TLDR Crypto newsletter

Terraform Labs, the company behind the infamous Terra blockchain and UST stablecoin, has agreed to pay the SEC nearly $4.5 billion in fines. In a court filing, the SEC said this money would go towards a “meaningful and speedy recovery for investor victims” who lost billions of dollars when the algorithmic stablecoin collapsed in 2022. Terraform and founder Do Kwon were found liable for civil fraud, violating securities laws, and offering unregistered securities.