TERRA-LUNA
Terraform Labs (TFL) and its CEO Do Kwon are accused of fraud by the U.S. Securities and Exchange Commission (SEC) due to events resulting in the collapse of TerraUSD (UST) and Luna tokens in May 2022. According to the SEC's claim, from April 2018 to May 2022, TFL and Kwon conducted numerous unregistered transactions while raising billions of dollars from investors.
TFL has reached a settlement with the SEC for $4.4 billion, under which the company’s operations have been approved to cease. This settlement aims to resolve claims related to the approximately $40 billion in losses experienced by investors as a result of the collapse of TerraUSD and Luna tokens.
