The Terraform Labs bankruptcy plan has been approved by the SEC. The company must first settle all creditors, and only then pay the fine. The amount of the penalty will depend on how much money is left.
Terraform Labs previously agreed to pay a $4.47 billion fine. $LUNA
Here are some more details about the Terraform Labs bankruptcy plan:
* The plan was approved by the SEC on September 19, 2024.
* The company must settle all creditors before paying the fine.
* The amount of the fine will depend on how much money is left after settling creditors.
* Terraform Labs previously agreed to pay a $4.47 billion fine.
* It is not clear how much money Terraform Labs has to settle creditors.
* It is not clear how much of the $4.47 billion fine Terraform Labs will actually have to pay.
$LUNA is the native token of the Terra blockchain. The price of $LUNA has been volatile since the collapse of the Terra ecosystem in May 2022. It is not clear how the approval of the Terraform Labs bankruptcy plan will affect the price of $LUNA.
