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Will Terraform Labs file for bankruptcy by December 31, 2024?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Bankruptcy filings and court documents
Story
Terraform Labs to Pay $4.47 Billion in Proposed Judgment to Resolve SEC Lawsuit
Jun 12, 2024, 05:06 PM
Terraform Labs has agreed to pay $4.47 billion to the U.S. Securities and Exchange Commission (SEC) to resolve a civil lawsuit. The lawsuit was filed following the firm's 2022 collapse, which resulted in a loss of $40 billion in investor assets and had significant repercussions in the cryptocurrency world. The agreement is part of a proposed judgment, according to a court filing.
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