Huynh Tran Quang Duy, also known as Duy Huynh, the founder of the failed crypto lending platform MyConstant, has agreed to pay more than $10.5 million to settle charges brought by the U.S. Securities and Exchange Commission (SEC). The SEC accused him of misusing investor funds to purchase TerraUSD, the now-defunct stablecoin. Instead, the SEC said Huynh spent $11.9 million of investor money to purchase TerraUSD (UST), a stablecoin tied to the Terra blockchain that crashed in mid-2022, wiping out billions in market value. The platform has been under regulatory scrutiny since late 2022, when California’s financial regulator accused it…