Do Kwon, Terraform Labs Should Get $5.3B Fine, SEC Tells Court
The massive sum is a “conservative measure” of Terraform Labs and Do Kwon’s ill-gotten gains, according to the SEC. 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. from coindesk
