SEC Says Terraform, Founder Owe $5.3B After Fraud Verdict

Tue Apr 23 00:59:54 PDT 2024

SEC Says Terraform, Founder Owe $5.3B After Fraud Verdict
<https://www.law360.com/newyork/articles/1827892?nl_pk=ac5a3855-e47c-4403-bee6-ca14f9bcf831&utm_source=newsletter&utm_medium=email&utm_campaign=newyork&utm_content=2024-04-23&read_main=1&nlsidx=0&nlaidx=4>

By Elliot Weld

The U.S. Securities and Exchange Commission has asked a Manhattan federal
judge to order bankrupt cryptocurrency exchange Terraform Labs and its
founder to pay roughly $5.3 billion, weeks after a jury found them liable
for a massive fraud.

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<https://www.law360.com/newyork/articles/1827892?nl_pk=ac5a3855-e47c-4403-bee6-ca14f9bcf831&utm_source=newsletter&utm_medium=email&utm_campaign=newyork&utm_content=2024-04-23&read_more=1&nlsidx=0&nlaidx=4>
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