SEC Shares Compensation Claim Info For Terraform Fraud Victims
The United States Securities and Exchange Commission (SEC) is now sharing information to help crypto victims affected by Do Kwon’s Terraform Labs collapse file compensation claims.
According to a post on the SEC’s website, the updated guidance is packed with “ information intended to help answer those questions and contact information for questions related to the distribution process, which will be handled through Terraform’s bankruptcy case.”
The helpful legal instructions come amid investors contacting the federal regulator about “their ability to receive compensation in light of the outcome in the Commission’s action against Terraform” in June of this year.
As part of its settlement deal with the SEC over its civil fraud case stemming from its dramatic algorithmic stablecoin collapse a few years back, Terraform Labs has agreed to pay almost $4.5 billion.
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