Terraform Labs received court approval to wind down its operations in bankruptcy after settling a US Securities and Exchange Commission (SEC) lawsuit, Reuters reported Sept. 19. US Bankruptcy Judge Brendan Shannon approved Terraform’s bankruptcy plan in Wilmington, Delaware, calling it a “welcome alternative” to further litigation over investor losses. The court approval represents the final […]
The post Terraform Labs secures court approval to wind-down operations after settling with SEC appeared first on CryptoSlate.
Originally appeared here:
Terraform Labs secures court approval to wind-down operations after settling with SEC