According to Odaily, the U.S. Securities and Exchange Commission (SEC) has launched an information page specifically for investors affected by Terraform Labs. The SEC stated that since the settlement agreement was reached last month, investors have been inquiring about the compensation process. The SEC clarified on its webpage that it will not receive any compensation until investors and creditors have received their full bankruptcy case payouts. The SEC added that the Chapter 11 plan confirmation hearing and start date are expected to take place in the fall.Previously, it was reported that Terraform Labs agreed to pay $4.47 billion as part of the settlement agreement with the SEC. The company will pay $3.58 billion in illicit gains and $420 million in civil penalties. The settlement terms also prohibit its co-founder, Do Kwon, from serving as an executive or director of any public company.
