Summary
Terraform Labs, a digital-asset business co-founded by Do Kwon, has filed for Chapter 11 bankruptcy protection in the US. The company’s estimated assets and liabilities are both in the range of $100 million to $500 million, and it has between 100 and 199 creditors.
Key Points
1. Terraform Labs Pte. digital-asset business, co-founded by Do Kwon, has filed for Chapter 11 bankruptcy protection in the US.
2. The company’s estimated assets and liabilities fall within the range of $100 million to $500 million.
3. According to court documents filed in Delaware, the number of creditors is estimated to be between 100 and 199.