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Terraform Creditors Say All Clear To Hire Crypto Tracing Firm

By Emlyn Cameron · April 16, 2024, 7:18 PM EDT

The creditors committee for bankrupt cryptocurrency startup Terraform Labs Pte. Ltd. said on Tuesday it had resolved the only issues the U.S. Trustee's Office had with the committee's request to hire...

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Bankruptcy Scorecard

Summary

Open-source cryptocurrency software developer Terraform Labs filed for Chapter 11, saying it intends to continue operating as it deals with ongoing regulatory litigation brought by the U.S. Securities and Exchange Commission.

Case Number

1:24-bk-10070

Judge

Brendan L. Shannon

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

between $100 million and $500 million

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Documents

Related Sections

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

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