<ul><li>Galaxy Digital agreed to pay $200 million in a settlement related to its alleged promotion of Terra cryptocurrency.</li><li>Galaxy Digital acquired 18.5 million LUNA tokens at a discount and promoted them without abiding by disclosure rules.</li><li>Part of the settlement includes Galaxy Digital paying $200 million in monetary relief over three years.</li><li>Terra cryptocurrency and its algorithmic stablecoin, TerraUSD (UST), experienced a collapse in May 2022.</li></ul>

Galaxy Digital to pay $200M over Terra promotion fallout

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