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SEC Launches Information Page for Terraform Labs Investors, Kwon to Transfer $204M

The U.S. Securities and Exchange Commission (SEC) has launched an information page for investors harmed by the collapse of Terraform Labs.
By: DeepNewz • July 31, 2024
SEC Launches Information Page for Terraform Labs Investors, Kwon to Transfer $204M

The U.S. Securities and Exchange Commission (SEC) has launched an information page for investors harmed by the collapse of Terraform Labs.

This follows a final consent judgment approved on June 12, 2024, by the U.S. District Court for the Southern District of New York against Terraform Labs and its founder, Do Hyeong Kwon.

The judgment mandates Kwon to transfer at least $204,320,196 to the Terraform bankruptcy estate for distribution to affected investors. Further details can be found on the SEC's official website, with an official date for repayments to be announced.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

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