Terraform Labs Wins Court Approval to Cease Operations After $40 Billion Collapse

Terraform Labs, the creator of the Terra (LUNA) ecosystem, has received court approval to wind down operations after settling fraud allegations with the U.S. SEC related to the collapse of its TerraUSD stablecoin and LUNA token, which caused $40 billion in losses in 2022. source: https://cryptodnes.bg/en/terraform-labs-wins-court-approval-to-cease-operations-after-40-billion-collapse/