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Civil Plaintiff

Terraform Labs and SEC Reach $4 Billion Settlement

Terraform Labs, the company at the center of a significant collapse in 2022, has agreed to pay a substantial settlement of $4.47 billion to resolve a civil lawsuit filed by the US Securities and Exchange Commission (SEC).

This legal action was undertaken following the collapse, which resulted in the loss of $40 billion in investor assets and sent shockwaves throughout the cryptocurrency industry.

Read More at Bitcoinist

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