Do Kwon's Terraform Labs, Initiates Chapter 11 Bankruptcy Proceedings

Terraform Labs Files Chapter 11, Post SEC Trial Delay Request Terraform Labs, the company responsible for the now-defunct stablecoin TerraUSD (UST), has recently sought bankruptcy protection in the United States. The filing for Chapter 11 bankruptcy was submitted to the United States Bankruptcy Court for the District of Delaware on January 21, indicating estimated liabilities and assets in the range of $100 million to $500 million. crypto news