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Do Kwon’s Terraform Labs files for Chapter 11 bankruptcy protection

Do Kwon’s Terraform Labs files for Chapter 11 bankruptcy protection

Do Kwon’s Terraform Labs, the company behind the now-defunct stablecoin TerraUSD (UST), has filed for bankruptcy protection in the United States.

The bankruptcy filing comes just four days after the U.S. SEC agreed to postpone Do Kwon’s upcoming fraud trial to March 25.

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