News with the tag "Terraform bankruptcy"

Terraform Labs co-founder and former CEO Do Kwon has pleaded not guilty to multiple fraud charges in a Manhattan federal court on Thursday. This appearance follows his extradition from Montenegro, where he had been detained since March 2023 for traveling on a fake passport. The charges are linked to...

Terraform Labs gets court approval to wind down its operations in the latest bankruptcy hearing, gaining investors’ attention. A US Bankruptcy judge has approved the firm’s plan, which came after its settlement with the US SEC. Notably, the news appears to have boosted the market sentiment, as evide...

Terraform Labs Pte. Ltd. and Terraform Labs Limited have issued a notice to creditors on how to submit claims for losses related to cryptocurrencies in their Chapter 11 bankruptcy cases. The creditors need to submit their Preliminary Crypto Loss Proof of Claim forms before August 21, 2024, to be inc...

Terraform Labs, the firm behind Terra Classic (LUNC), has made a significant announcement regarding their Chapter 11 bankruptcy cases. The General Bar Date for filing claims has been set for August 9, 2024, at 5:00 p.m. ET. This deadline is crucial for creditors who have claims against TFL that aros...

In a major announcement on Wednesday, Terraform Labs stated that they would be paying nearly $4.5 billion in order to settle the SEC lawsuit. However, many in the crypto community have started raising doubts about how the bankrupt Terraform Labs with only $75 million in assets under management plan ...