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Cryptopolitan 2024-01-31 19:07:34

Terraform Labs says bankruptcy filing will help its lawsuit against the SEC

Terraform Labs, the creator of the now-defunct stablecoin TerraClassicUSD (USTC), has filed for Chapter 11 bankruptcy, revealing its intention to use this move strategically to appeal a lawsuit initiated by the United States Securities and Exchange Commission (SEC). The decision to file for bankruptcy is aimed at avoiding the necessity of providing a “supersedeas bond,”

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