An important announcement was made on Terra's official account regarding the ongoing bankruptcy process in accordance with the agreement made between TerraformLabs and the SEC.
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đ„ In the announcement made;
"Important Announcement regarding the Plan Approval Hearing for Terra Community:
The Plan Approval Hearing in the Chapter 11 bankruptcy cases of Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited (TLL) has been postponed to September 19, 2024, at 10:00 AM (ET)."
đ¶ The processes are taking a bit longer. Do not see the extension of the processes as a negative. We understand that extensive work is being done. Better late than never. TFL should not leave any legal issues or legal gaps behind when it leaves...
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