💥New Chapter 11 Bankruptcy Filing - Terraform Labs Pte. Ltd.💥
Besieged by litigation, blockchain company behind failed LUNA files in Delaware.
On January 21, 2024, Singapore-based Terraform Labs Pte. Ltd. (the “debtor”) filed a voluntary chapter 11 petition in the District of Delaware (Judge Shannon). For those of you who are unaware, the debtor is the company behind the infamous failed “stablecoin” Terra USD, a dollar-pegged cryptocurrency that proved anything but stable when it and Terra’s L…