Terraform Labs Shut Down! Co-Founder Do Kwon Ordered to Pay $110M to Defrauded Investors

TL;DR Terraform Labs Shutdown: Terraform Labs, the company behind Terra (LUNA) and TerraUSD (UST), has received court approval to wind down operations after a $40 billion collapse in 2022. SEC Settlement: The U.S. Bankruptcy Judge approved a bankruptcy plan involving nearly $4.5 billion in penalties, with co-founder Do Kwon personally liable for $204 million. Industry Impact: ... source: https://crypto-economy.com/terraform-labs-shut-down-co-founder-do-kwon-ordered-to-pay-110m-to-defrauded-investors/