In a significant development, Terraform Labs agreed to a civil settlement of $4.47 Billion with the Securities and Exchange Commission after being found guilty of defrauding cryptocurrency investors during the infamous Terra (CRYPTO: LUNA) implosion in 2022. What Happened: A jury found Terraform Labs and its disgraced founder, Do Kwon, guilty of defrauding cryptocurrency investors, according to a Reuters report Wednesday. A proposed final judgment was filed in a Manhattan federal court, awaiting approval by U.S. District Judge Jed Rakoff. The judgment includes $4.05 billion of disgorgement plu…
