Terraform Labs Pte. Ltd.

  1. January 30, 2024

    Terraform Will Use Ch. 11 To Craft Appeal Of SEC Crypto Case

    An executive for crypto company Terraform Labs told the Delaware bankruptcy court Tuesday it has sought Chapter 11 protection mainly to delay a potentially existential U.S. Securities and Exchange Commission penalty tied to the implosion of its algorithmic stablecoin, the collapse of which in 2022 provoked a widespread crash in cryptocurrency markets.

  2. January 22, 2024

    Crypto Software Developer Terraform Files For Ch. 11

    Open-source cryptocurrency software developer Terraform Labs filed for Chapter 11 in Delaware, saying it intends to continue operating as it deals with ongoing regulatory litigation brought by the U.S. Securities and Exchange Commission.