Terraform Says Impending SEC Fine Proves It's In Distress

By Alex Wittenberg · January 31, 2024, 7:23 PM EST

Cryptocurrency company Terraform Labs told a Delaware bankruptcy judge on Wednesday the mere fact it could face a ruinous U.S. Securities and Exchange Commission fine in the future justifies Chapter 11...

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Case Information

Case Title

Securities and Exchange Commission v. Terraform Labs Pte Ltd. et al

Case Number

1:23-cv-01346

Court

New York Southern

Nature of Suit

Securities/Commodities

Date Filed

February 16, 2023


Case Title

Terraform Labs Pte. Ltd.

Case Number

1:24-bk-10070

Court

Delaware

Nature of Suit

Date Filed

January 21, 2024