Attention, crypto enthusiasts! đ
- A judge in the US has approved Terraform Labs' bankruptcy plan, allowing the company to shut down its operations.
- Terraform filed for bankruptcy in January, with debts and assets estimated between $100 and $500 million.
- Terraform's downfall in 2022 was due to the instability of its algorithmic stablecoin, UST.
- The company could pay between $185 and $442 million as part of the closure plan.
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