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Terraform Labs files for bankruptcy in the US as co-founder faces extradition for fraud
The Terraform Labs Pte. digital-asset business co-founded by Do Kwon filed for Chapter 11 bankruptcy protection in the US.
The company’s estimated assets and liabilities are both in the range of $100 million to $500 million, while the number of creditors is between 100 and 199, according to court documents filed in Delaware on Sunday.
[Bloomberg]
The Terraform Labs Pte. digital-asset business co-founded by Do Kwon filed for Chapter 11 bankruptcy protection in the US.
The company’s estimated assets and liabilities are both in the range of $100 million to $500 million, while the number of creditors is between 100 and 199, according to court documents filed in Delaware on Sunday.
[Bloomberg]
