The Securities and Exchange Commission asked the court to approve a final consent judgment in its case against Terraform Labs and its former CEO Do Kwon. 

The Wednesday filing says the US securities regulator and Terraform agreed that the former stablecoin issuer pay nearly $4.5 billion. The amount includes roughly $3.5 billion in disgorgement, more than $460 million in prejudgment interest and $420 million as a civil penalty. 

Kwon, the former chief executive, will pay $200 million to the Terraform bankruptcy estate. The company filed for bankruptcy at the beginning of this year ahead of its trial against the SEC. 

“The proposed consent judgment both addresses the magnitude of…

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