Judge approves Terraform Labs bankruptcy plan in the US

- Judge Brendan Shannon has approved the bankruptcy plan of Terraform Labs, filed in January.

- The company reported debts and assets of between $100 million and $500 million.

- The bankruptcy plan was considered a "welcome alternative" to further litigation.

- Terraform offered to pay between $185 million and $442 million, but exact losses cannot be estimated.

- Founder Do Kwon awaits extradition while in custody in Montenegro. 🚨