The Situation After the Bankruptcy of Terraform Labs

Bankruptcy Approval and Settlement: Terraform Labs received approval from a court in Delaware, USA, to end its operations through bankruptcy proceedings. Previously, the company had agreed to settle with the U.S. Securities and Exchange Commission (SEC) regarding a lawsuit, with a settlement amount of $4.47 billion. However, the SEC may find it difficult to receive this amount, as according to the bankruptcy liquidation agreement, payment will only be made after Terraform satisfies cryptocurrency loss claims.

Compensation and Impact: Terraform Labs estimates that during the bankruptcy liquidation process, it could pay between $184.5 million and $442.2 million to cryptocurrency purchasers and other stakeholders. Following the court ruling, the prices of Terra Luna Classic and Luna experienced fluctuations, reflecting the market's reaction.

Other Relevant Situations: Terraform Labs co-founder Do Kwon is facing criminal charges in the United States and South Korea, but he denies any wrongdoing. Additionally, Montenegrin Prime Minister Milo Đukanović has also come under controversy due to early investments in Terraform Labs.

The above content is based on publicly available information as of now, and the situation may change in the future.