Company behind failed TerraUSD stablecoin files for bankruptcy

Company behind failed TerraUSD stablecoin files for bankruptcy

Terraform Labs hasn’t been able to recover and now has to call it quits Terraform Labs, the company created by Do Kwon and behind the now-defunct TerraUSD (UST) stablecoin, has filed for Chapter 11 bankruptcy protection in the US. The filing was submitted to the United States Bankruptcy Court for the District of Delaware on

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