Terraform Labs Pte. Ltd.

  1. April 08, 2024

    WeWork Saves $8B, Do Kwon Found Liable, WOM CEO Leaves

    One of the busiest weeks for new bankruptcies this year also featured notable developments in ongoing cases. Terraform Labs and its creator Do Kwon were found liable for securities fraud, WeWork announced it expects to save $8 billion by restructuring hundreds of leases, and a New York bankruptcy judge said he would take under advisement a decision about a sale of Rudy Giuliani's Florida condo.

  2. March 12, 2024

    Terraform Can Retain Dentons In Ch. 11, Firm Will Return $48M

    Terraform Labs can hire Dentons US LLP as its special counsel in its Chapter 11 case, a Delaware federal bankruptcy judge ruled Tuesday, with the firm agreeing to return $48 million of a $70 million retainer that was hit with objections.

  3. March 05, 2024

    Terraform Says Creditors Sabotaging Dentons Retention

    A Delaware bankruptcy judge on Tuesday allowed Terraform Labs unsecured creditors time to catch up on a dispute over the debtor's Denton's retention, a request Terraform dubbed "sabotage" of its defense in an upcoming $40 billion securities fraud trial.

  4. January 31, 2024

    Terraform Says Impending SEC Fine Proves It's In Distress

    Cryptocurrency company Terraform Labs told a Delaware bankruptcy judge on Wednesday the mere fact it could face a ruinous U.S. Securities and Exchange Commission fine in the future justifies Chapter 11 protection today, arguing a recent judgment in favor of the regulatory agency attests to its financial distress.

  5. January 30, 2024

    Terraform Will Use Ch. 11 To Craft Appeal Of SEC Crypto Case

    An executive for crypto company Terraform Labs told the Delaware bankruptcy court Tuesday it has sought Chapter 11 protection mainly to delay a potentially existential U.S. Securities and Exchange Commission penalty tied to the implosion of its algorithmic stablecoin, the collapse of which in 2022 provoked a widespread crash in cryptocurrency markets.

  6. January 22, 2024

    Crypto Software Developer Terraform Files For Ch. 11

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