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coinpedia 2024-05-01 07:28:46

SEC vs. Terraform Labs: Court to Decide on Multi-Billion Dollar Penalties for Terraform Labs After Fraud Verdict

The post SEC vs. Terraform Labs: Court to Decide on Multi-Billion Dollar Penalties for Terraform Labs After Fraud Verdict appeared first on Coinpedia Fintech News After a jury found Terraform Labs and Do Kwon guilty of fraud, a judge scheduled a hearing on May 22 to discuss penalties. The court will hear points about why the SEC wants almost $5.3 billion in fines, and Terraform’s legal team only wants $1 million. In response, Terraform’s legal team advocates for a significantly …

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