Recorded event
SEC announces a civil settlement
The SEC announced an agreement totaling more than $4.5 billion involving Terraform and its founder.
Read context
An agreement to pay does not establish that investors have already received the money.
All timelines From the beginning
The Terra civil case
The legal branch of the Terra story: allegations, a verdict, a response, and a settlement.
Reviewed 9/21/2026
US civil proceedings through June 2024, not a criminal conviction or a record of completed investor repayments.
Dates without a time use the local date of the event.
Interpretation
A settlement is a different milestone from repayment
Threadline editorial context
The announcement describes a wind-down and bankruptcy distribution process.
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We distinguish the legal agreement from later implementation because they answer different questions.
Through 6/13/2024
US civil proceedings through June 2024, not a criminal conviction or a record of completed investor repayments.
Explore this branchTerra: from collapse to civil verdict