The Block Crypto News27 minutes ago

Published on July 30, 2024 19:55 GMT+00:00edited on July 30, 2024 20:09 GMT+00:00

The U.S. Securities and Exchange Commission posted an information page for investors affected by Terraform Labs, the firm behind the algorithmic stablecoin that fell dramatically a few years ago. 

The SEC said it had been receiving questions from investors about how compensation would work following a settlement reached by both parties last month. 

Terraform Labs agreed to pay $4.47 billion as part of the settlement reached with the SEC. The company is set to pay $3.58 billion in disgorgement and $420 million in a civil penalty. The settlement terms would also block its co-founder, Do Kwon, from becoming an officer or director of any public firm.

The SEC asserted on its page that it will not receive any payments until investors and creditors are paid in full in the …