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Terraform Labs, Behind TerraUSD Collapse, Gets Bankruptcy Approval Coin Edition 20 қыр 2024

Terraform Labs, Behind TerraUSD Collapse, Gets Bankruptcy Approval ⚖️

TerraUSD Luna Brendan Shannon USA Terraform Labs

Terraform Labs, the company behind the failed TerraUSD and Luna tokens, is preparing to wind down after a U.S. court greenlit its bankruptcy plan. This decision closes a chapter on its dramatic $40 billion collapse.

During a hearing in Wilmington, Delaware, U.S. Bankruptcy Judge Brendan Shannon described the plan as a 'welcome alternative' to minimize future issues.

The approval is a significant milestone, providing a legal framework for the company to settle its debts and obligations.

Дереккөз: coinedition.com ↗

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