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Crypto exec to pay $10M to settle SEC claims over betting on TerraUSD

The founder of lending firm MyConstant agreed to pay over $10 million to the SEC to settle claims that he used investors’ money to buy the now-collapsed Terra stablecoin.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Crypto exec to pay $10M to settle SEC claims over betting on TerraUSD

The founder of lending firm MyConstant agreed to pay over $10 million to the SEC to settle claims that he used investors’ money to buy the now-collapsed Terra stablecoin.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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Read on Cointelegraph

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