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Coin Edition 2024-06-14 10:16:36

Terra’s $4.5 Billion Fine: A Warning Shot to Crypto Fraudsters

In a decisive move against fraud in the cryptocurrency sector, a federal judge has approved a $4.5 billion settlement between the Securities and Exchange Commission and Terraform Labs, along with its former CEO, Do Kwon, stemming from the company’s 2022 collapse and subsequent market turmoil. U.S. District Court Judge Jed Rakoff has approved the $4.5 The post Terra’s $4.5 Billion Fine: A Warning Shot to Crypto Fraudsters appeared first on Coin Edition .

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