Terraform Says Impending SEC Fine Proves It's In Distress

By Alex Wittenberg (January 31, 2024, 7:23 PM EST) -- 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....

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