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coinpedia 2024-01-31 05:38:51

Terraform Labs Files for Bankruptcy to Aid SEC Battle, Challenges Jurisdiction Over Crypto Holdings

The post Terraform Labs Files for Bankruptcy to Aid SEC Battle, Challenges Jurisdiction Over Crypto Holdings appeared first on Coinpedia Fintech News The Terra community doesn’t seem to catch a break lately. Terraform Labs filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware on Jan. 21, according to the court’s website. The aim is to bolster its appeal against the SEC lawsuit. CEO Chris Amani cites bankruptcy protections, potentially avoiding a …

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