SEC releases investor information page for Terraform

The U.S. Securities and Exchange Commission (SEC) has published an information page specifically for investors affected by Terraform Labs. The SEC said that since the two parties reached a settlement agreement last month, investors have been asking how compensation will be carried out. The SEC claimed on its page that the SEC will not receive any compensation until investors and creditors receive full compensation in the corresponding bankruptcy case. The SEC added that the Chapter 11 plan confirmation hearing and start date are expected to be held in the fall. As previously reported, Terraform Labs agreed to pay $4.47 billion as part of a settlement with the U.S. Securities and Exchange Commission. The company will pay $3.58 billion in illegal gains and $420 million in civil penalties. The terms of the settlement will also prohibit its co-founder Do Kwon from becoming an executive or director of any public company.