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Customized wealth management empowers your assets growth
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Customized asset management to grow your digital assets
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Top asset management team helps you profit without hassle
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TERRA-LUNA CRISIS:...
#BTC #elg #escoin #xrp
Terraform Labs (TFL) and CEO Do Kwon is charged with fraud by the U.S. Securities and Exchange Commission (SEC) for the events that culminated in the collapse of the TerraUSD (UST) and Luna tokens in May 2022. According to the SEC's allegations, from April 2018 to May 2022, TFL and Kwon carried out many unregistered transactions while raising billions of dollars from investors.
TFL has reached an agreement with the SEC for $4.4 billion, and as part of this, the company's operations have been approved for termination. This agreement aims to resolve claims related to the approximately $40 billion in losses suffered by investors as a result of the collapse of TerraUSD and LUNA tokens.