Court Approves Terraform Labs Bankruptcy After the US SEC Settlement

Terraform Labs, the company behind the Terra (LUNA) ecosystem, has received approval from a US bankruptcy court to wind down its operations. This decision comes after the company settled with the US Securities and Exchange Commission (SEC) over fraud charges related to the collapse of its TerraUSD stablecoin and LUNA native token, which wiped out $40 billion in value in 2022. SEC... source: https://beincrypto.com/terraform-labs-bankruptcy-sec-settlement/