The cryptocurrency company’s recent failures have forced it to take drastic measures Terraform Labs, a once-prominent name in the digital assets space, has declared bankruptcy and is currently in the process of liquidating its assets. The company has announced its intention to sell four of its key business ventures as part of a comprehensive $4.5
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Terraform Labs facing $4.47B fine in SEC civil lawsuit
The company behind the Terra blockchain protocol cost investors over $40 billion Terraform Labs, the company behind the Terra blockchain protocol, has settled its lawsuit brought forth by the US Securities and Exchange Commission (SEC) and must pay a total of about $4.47 billion. This includes $3.6 billion in disgorgement fines, a $420 million civil