May 17, 2024
Crypto

Doomed crypto firm Terraform Labs files for bankruptcy in the US

Terraform Labs, the company that wiped out $40 billion from the crypto market with the collapse of its TerraUSD and Luna stablecoins, has finally filed for Chapter 11 bankruptcy protection on Sunday. Bloomberg reports that the crypto firm’s estimated assets and liabilities are both in the range of $100 million to $500 million, with the

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