The court approved the bankruptcy of Terraform Labs

Time：2024-09-20 02:35 Source：Internet Copy share

The company previously agreed to settle the case with the SEC and pay a $4.47 billion fine.However, the SEC has agreed to receive its payments only after the claims in the bankruptcy proceeding are resolved. There is a possibility that the SEC simply won’t be able to get any money.Terraform stated that it is not possible to estimate the total amount of losses at this time.The company estimated it could pay between $184.5 million and $442.2 million to victims.

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