The SEC is asking the judge in the Terra lawsuit to order $4.2 billion in disgorgement, a $420 million penalty against Terraform Labs, and a $100 million penalty against Do Kwon.
They also want Kwon banned from serving as an officer or director of a publicly traded company.
Kwon has opposed any injunction or disgorgement against him, and says that the potential penalties should be somewhere around $250,000–$300,000.
@molly0xfff that would have to be an absolute record penalty. Seeing as how this is a blockchain case, they'll have to accept payment in #fartcoin or some such.
"It'll be worth $20 billion in a year, easy! You just wait and see? You like being poor or what, sucka?"
Molly White
Robbie Coleman 
David LaFontaine
stevewithaq
jrg
mosttoast
a pile of moss