Terraform Labs Pte Ltd (TFL), the company behind the TerraUSD (UST) stablecoin that collapsed the cryptocurrency market in 2022, has filed for Chapter 11 bankruptcy in Delaware, United States, according to court papers filed on Sunday. Terraform Labs chief executive officer (CEO) said Chris Amani the move is important for the company and its investors. The post Breaking: Terraform Labs (TFL) Files For Bankruptcy Protection, LUNA & LUNC Price Fell 5% appeared first on CoinGape .
