Breaking:
Terraform Labs Filed Chapter 11 Bankruptcy Protection
United
UTED
Terra Classic
LUNC
Terra
LUNA
Thecoinrepublic.com
By Thecoinrepublic.com
14h ago
•
3 mins read
Breaking: Terraform Labs Filed Chapter 11 Bankruptcy Protection
Table of Contents
Why Did Terraform Labs File for Chapter 11 Bankruptcy?
Where are LUNA and LUNC Standing Now?
Disclaimer
1 Terraform Labs submitted a Chapter 11 Bankruptcy in Court.
2 The plan is to revive the platform and resume working towards goals.
On January 21, 2024, Terraform Labs, the company behind the TerraUSD (UST) stablecoin filed for Chapter 11 bankruptcy protection in the District of Delaware, United States. Additionally, the platform currently holds assets of over $100 to $500 Million. The same was confirmed by the court papers filed.
#advise buy time⌚