BREAKING – Terraform Labs Caves In: Crypto Stablecoin Giant Files For Bankruptcy In US

In a stunning turn of events, the TerraUSD (UST) stablecoin project and its creator, Terraform Labs, find themselves grappling with Chapter 11 bankruptcy in the United States. The turmoil began with the disastrous depegging of UST in May 2022, creating shockwaves across the cryptocurrency market and leaving investors with billions of dollars vanished. Related source: https://bitcoinist.com/terraform-labs-files-for-bankruptcy-in-the-us/