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Terraform Labs Claims it Doesn't Operate to 'Gain Profits'

Terraform Labs CEO Chris Amani declared in a court filing that the company is not built to currently generate profits, amid citing previous crypto collapses…

Terraform Labs filed for bankruptcy to protect against potential SEC money judgment

Terraform Labs, the brains behind the Terra blockchain network, opted for bankruptcy protection as a strategic move against any “potential money judgment”…

Terraform Bankruptcy Protection to Help Appeal SEC Lawsuit, Chris Amani Says

Terraform faces 'significant liability' after SEC trial

Terraform CEO Chris Amani said in a filing that his company filed for bankruptcy because Terraform would “likely not be able to satisfy” a potential money…

Terraform Labs Seeks Bankruptcy Protection Following Alleged $40 Billion Cryptocurrency Fraud

Terraform Labs, the entity overseeing the stablecoin TerraUSD, has initiated the Chapter 11 bankruptcy process in the United States.