Terraform Labs bankruptcy has officially filed for Chapter 11 bankruptcy protection amidst ongoing litigation and U.S. proceedings involving the SEC.
The defunct company's assets and liabilities, disclosed in Terraform Labs bankruptcy protection, range between $100 million and $500 million.
This delay is attributed to the legal challenges surrounding Do Kwon extradition to the U.S. while currently situated in Montenegro.
Montenegro High Court, reversing its November decision, upholds the validity of extradition requests, prompting the Do Kwon new appeal.
The court order mandates Do Kwon extradition decision to either South Korea or the United States for criminal prosecution amid…
Terraform Labs, the blockchain company behind Terra, officially stated its non-involvement in the stablecoin project Mint Cash UST 2.0.
The Terraform Labs acquisition occurs amid ongoing legal battles, particularly with the SEC, over the collapse of TerraUSD last year.
In the Terraform vs. Citadel battle, Terraform Labs alleged that Ken Griffin, head of the Citadel entity, intended to short…
Terraform Labs founder Do Kwon has firmly contested the U.S. Securities Exchange Commission's (SEC) bid to interrogate him within the…
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