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The best short call of 2023 wasn't made by a ruthless hedge fund, a well-known activist firm, or any of the liveliest voices on the sell side. It was made by a first-year medical resident running a blog named after a SpongeBob SquarePants character.
Reports said the firm had listed assets and liabilities in the range of US$100 million to US$500 million. Read more at straitstimes.com.
Terraform Labs, the infamous crypto company behind TerraUSD and Luna, has filed for Chapter 11 bankruptcy protection in Delaware.
Do Kwon-founded Terraform Labs files for Chapter 11 bankruptcy in the U.S.
Terraform Labs, the entity overseeing the stablecoin TerraUSD, has initiated the Chapter 11 bankruptcy process in the United States.