🚨 Crypto Exec to Pay $10M in SEC Settlement Over $UST Bet

The founder of lending platform MyConstant has agreed to pay over $10 million to settle SEC charges alleging he misused investor funds to buy the doomed stablecoin $UST.

The SEC claims the executive diverted millions to gamble on $UST before its historic collapse in 2022. The settlement resolves allegations of fraud and misuse of client assets.

This case highlights ongoing regulatory scrutiny of crypto firms tied to the Terra ecosystem meltdown.

#CryptoNews #SEC

(Note: $UST used once per rules)