According to Foresight News, Reuters reported that U.S. Bankruptcy Judge Brendan Shannon has approved Terraform Labs' bankruptcy plan to end its business in bankruptcy. Terraform said it will pay stakeholders approximately $184.5 million to $442.2 million. Previously, Terraform Labs agreed to settle a lawsuit filed by the U.S. Securities and Exchange Commission (SEC). The lawsuit accused it of defrauding investors who lost approximately $40 billion when TerraUSD and Luna tokens collapsed in 2022.