Terraform Labs, Do Kwon agree to settle SEC civil fraud case

Terraform Labs, Do Kwon agree to settle SEC civil fraud case

A police officer escorts Terraform Labs co-founder Do Kwon after he served a sentence for document forgery in Podgorica, Montenegro, March 23, 2024. REUTERS/Stevo Vasiljevic/File Photo

Singapore-based Terraform Labs and its founder Do Kwon have reached a tentative settlement with the U.S. Securities and Exchange Commission which sued them for allegedly misleading cryptocurrency investors before the 2022 collapse of the stablecoin TerraUSD.

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