Judge Approves Nearly $4.5B Penalty Against Terraform In SEC Enforcement Action

(June 14, 2024, 12:38 PM EDT) -- NEW YORK — Crypto asset firm Terraform Labs Pte. Ltd. will pay nearly $4.5 billion in disgorgement and penalties after it and its CEO were found liable in April for claims brought by the Securities and Exchange Commission accusing the company and its owner of issuing false statements about crypto assets, a New York federal judge ordered....