News Explorer — Terraform Labs Files for Chapter 11 Bankruptcy

Generated by AI, curated by humans

Jan 22, 6:49 am

Techcrunch

Terraform Labs Files for Chapter 11 Bankruptcy

Singapore-based Terraform Labs, the company behind TerraUSD and Luna, has filed for Chapter 11 bankruptcy in the US following the collapse of its cryptocurrencies. The filing will enable the company to "continue its operations and support litigation," it said in a statement. Terraform Labs plans to expand its Web3 business despite the bankruptcy filing.

Singapore-based Terraform Labs, the company behind TerraUSD and Luna, has filed for Chapter 11 bankruptcy in the US following the collapse of its cryptocurrencies. The filing will enable the company to "continue its operations and support litigation," it said in a statement. Terraform Labs plans to expand its Web3 business despite the bankruptcy filing.

Latest

Jun 10, 8:19 pm

Decrypt

Raydium's Deprecated Pools Exploited, Leading to $1.34 Million in Stolen Funds

An exploit on Raydium's deprecated liquidity pools resulted in over $1.34 million in stolen funds, affecting SOL, USDC,... Read Summary

Jun 10, 7:30 pm

Decrypt

Tether, Nvidia, Amazon Invest in NEURA Robotics' $1.4 Billion Funding Round

Tether, the company behind USDT, invested up to $1.4 billion in NEURA Robotics, a German humanoid robotics firm, alongsi... Read Summary

Jun 10, 6:14 pm

Coindesk

Ethereum PERC-20 Proposal Revives Interest in Private Token Transfers

Privacy in crypto transactions was overshadowed by scaling and regulatory concerns, but a new Ethereum proposal, pERC-20... Read Summary

Jun 10, 6:11 pm

Decrypt

Bitcoin Layer-2 Network Botanix Shutting Down in July Due to Lack of Adoption

Botanix announced the shutdown of its Bitcoin-based layer-2 network, citing low user engagement and competition. Despite... Read Summary

Jun 10, 5:47 pm

Decrypt

Bitcoin Price Bottom Target Is $53,600 Says CryptoQuant as BTC Buying Demand Fades

Bitcoin's recent drop below $60,000 has analysts speculating about a potential bear market bottom, with CryptoQuant repo... Read Summary

Jun 10, 4:50 pm

Decrypt

Coinbase, Ripple, Solana Back Mastercard's AI Agent Payments Rollout

Mastercard has launched Agent Pay for Machines, allowing AI agents to autonomously transact using cards, bank accounts,... Read Summary

Jun 10, 2:46 pm

Decrypt

Bitcoin and Ethereum Tick Up After CPI Report Shows Inflation Spiking

Inflation in the U.S. surged to 4.2% in May, the highest in three years, driven by rising energy costs amid global confl... Read Summary

Jun 10, 2:33 pm

Decrypt

Hyperliquid Advocates, Paradigm Challenge Proposed Rules for Stablecoin Issuers

Paradigm and the Hyperliquid Policy Center raised concerns to U.S. regulators about proposed stablecoin anti-money laund... Read Summary

Jun 10, 2:21 pm

Decrypt

Fold Holdings Sells Bitcoin to Eliminate Debt, Doubling Share Price

Fold Holdings, a Bitcoin-centric fintech company, sold $45 million in Bitcoin to eliminate secured debt, freeing up $25... Read Summary

Jun 10, 1:52 pm

Decrypt

Delaware Lawmakers Are Advancing a Bill to Ban Bitcoin and Crypto ATMs

House Bill 441, which aims to ban cryptocurrency kiosks in Delaware, is advancing as lawmakers cite the need for consume... Read Summary

Jun 10, 1:01 pm

Decrypt

Solana Foundation Enables Crypto Buy-Ins and Stablecoin Payouts for World Series of Poker Events

The Solana Foundation has partnered with the World Series of Poker to allow players to buy into events using crypto and... Read Summary

Jun 10, 11:26 am

Decrypt

Bitcoin and Ethereum Drawdowns Are Affecting Altcoins, With XRP Holders Facing Profit Losses

Glassnode data reveals that Bitcoin and Ethereum have experienced significant drawdowns in 2026, impacting altcoins. XRP... Read Summary

Jun 10, 9:19 am

Decrypt

Japan's Largest Banks Plan Joint Stablecoin Launch by March 2027

Japan's three largest banks are collaborating to develop a stablecoin, aiming for a joint launch in fiscal year 2026. Th... Read Summary

Jun 9, 12:06 pm

Decrypt

Bitcoin's 50% Drop From Its All-Time High Signals a Potential Bear Market

Bitcoin's price has dropped significantly in June, down 50% from its all-time high in October 2025. Experts believe the... Read Summary

Jun 9, 10:54 am

Decrypt

Humanity Protocol's H Token Suffered an 80% Drop After a Coordinated Attack on Ethereum and BNB Chain

Humanity Protocol's native token H plummeted over 80% due to a coordinated attack across Ethereum and BNB Chain, resulti... Read Summary