Terraform Labs files for bankruptcy amid legal challenges and crypto market turmoil
CEO Amanai says bankruptcy filing is essential to pursue future crypto goals
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CEO Amanai says bankruptcy filing is essential to pursue future crypto goals
Terraform Labs, the company behind failed stablecoin TerraUSD, has filed for bankruptcy as it faces lawsuits from the Securities and Exchange Commission (SEC) and in Singapore. The Singapore-based crypto firm filed for Chapter 11 bankruptcy protection Sunday in Delaware, according to court documents shared with The Hill. Terraform Labs claimed assets between $100 million and…
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