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Galaxy Digital Agrees to $200 Million Settlement Over Alleged TerraLuna Violations

  • Galaxy Digital has agreed to a $200 million settlement over alleged violations related to TerraLuna (LUNA).
  • The settlement claims that Galaxy Digital misrepresented its exit strategy and secretly sold millions of LUNA tokens while publicly endorsing the project.
  • Galaxy Digital's actions contributed to the surge in LUNA's market price, ultimately profiting in the hundreds of millions of dollars.
  • The collapse of LUNA and TerraUSD resulted in a $40 billion loss and bankruptcy of major crypto firms, including BlockFi and Three Arrows Capital.

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