(1st UPDATE) Singapore-based Terraform labs, in a filing with the bankruptcy court in Delaware, lists assets and liabilities in the range of $100-$500 million
Singapore-based Terraform Labs Pte. has filed for Chapter 11 bankruptcy protection in Delaware as the embattled crypto firm faces growing legal pressures…
Singapore-based Terraform labs, in a filing with the bankruptcy court in Delaware, listed assets and liabilities in the range of $100-$500 million. Recently, a federal judge postponed the trial of the U.S. Securities and Exchange Commission (SEC) against the company and its co-founder, Do Kwon, over an alleged $40 billion cryptocurrency fraud.
In a stunning turn of events, the TerraUSD (UST) stablecoin project and its creator, Terraform Labs, find themselves grappling with Chapter 11 bankruptcy in…