3 Members of Terraform Labs’ In-House Legal Team Abruptly Leave Amid LUNA, and UST Fallout
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Three members of Terraform Labs’ legal team have left the company, according to their Linkedin profiles that show their departure from the firm this month. The resignation of the company’s in-house…
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Reports counsel that the Singapore-based company’s authorized capabilities at the moment are being managed by outdoors counsel. Shortly after the collapse of its flagship stablecoin UST, the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source Author: coinmaker
Terraform Labs, the company behind LUNA and stablecoin UST, has filed for bankruptcy in the United States District of Delaware after seeming to recover from the collapse of the Terra ecosystem in May 2022. The reported value places both estimated assets and liabilities within the range of $100-500 million dollars.…
The administrator overseeing the wind-down of Terraform Labs has launched a major legal offensive, centering on a high-profile Jump trading lawsuit tied to the project’s 2022 implosion. Administrator targets Jump Trading with multibillion-dollar claim The Office of the Terraform Labs Plan Administrator has filed a lawsuit seeking $4B in damages…