#LUNA#LUNC #USTC

Will Terraform Labs, which has filed for bankruptcy protection, be able to pay a huge penalty of $5.158 billion?

The#SECjust filed a notice with the Delaware Bankruptcy Court, simultaneously requesting that Terraform Labs' filing for bankruptcy protection be exempt from paying a whopping $5.158 billion fine to the SEC:

* Illegal gains: ≈ 4.192 billion US dollars

* Administrative fine: ≈ 420 million USD

* Pre-trial interest: ≈ US$546 million (the SEC also requires Do Kwon to pay a civil penalty of US$100 million, which should actually be US$5.2 billion)

When we look at the SEC v. Terraform Labs/Do Kwon securities fraud case, we see that the defendant petitioned the district court to have the jury make the final verdict, and the judge's role was to guide the jury process and interpret the jury. ultimately found Terraform Labs/Do Kwon guilty. But administrative orders implementing criminal activities still must be signed by a judge.

A week has passed and the decision has not been signed yet. Since it is impossible to find this much money, the judge must hesitate as to whether the defendant is ready to appeal the decision.

(See Ripple Labs' objection to the SEC's requirement that the company pay a $2 billion fine for institutional XRP sales)

But the SEC closed its eyes and said, "They have money" and listed all kinds of bad evidence.

As stated in the legal memorandum of the jury verdict: “More than $40 billion in market value was wiped out almost overnight, while the defendants reaped more than $4 billion in illicit profits from their illegal conduct (and likely much more than that).”