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. The move comes after a suggestion for bankruptcy was filed in Terraform Labs vs U.S. SEC lawsuit. Terraform Labs The post Terraform Labs (TFL) Files For Bankruptcy Protection, LUNA & LUNC Price Slip 7% appeared first on CoinGape .
