Terraform Labs’ defense requests $1M in civil penalty with new motion

The Securities and Exchange Commission wanted Terraform Labs and Do Kwon, the platform’s co-founder, to pay $5.3 billion in civil penalties for deceiving investors.   The jury found the crypto company and co-founder guilty of misleading customers on April 5. Meanwhile, Terraform’s defense team believes a $1 million is a more appropriate penalty, compared to the SEC’s proposed billion-dollar […]