Brief

Terraform, SEC Reach 'Settlement In Principle' In Crypto Case

By Aislinn Keely · May 30, 2024, 6:54 PM EDT

Crypto firm Terraform Labs and its creator Do Kwon appear to have reached an agreement with the U.S. Securities and Exchange Commission to settle remedies after the firm and its founder...

To view the full article, register now.
Try a seven day FREE Trial

Already a subscriber? Click here to login

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

View Full Scorecard

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

Recent Articles By Aislinn