News list for " bankruptcy law"
Terraform Labs received approval from a U.S. bankruptcy judge to begin liquidation. Terraform estimates it will pay stakeholders about $184.50 million and $442.20 million as part of the bankruptcy. In February 2023, the SEC filed charges against Terraform and its co-founder Do Kwon over the algorithmic stablecoin Terra USD (UST), which collapsed a year earlier. The agency said the company deceived and misled investors. Before reaching a settlement, the two sides argued over the amount of the fin...
As of August of this year, law firms handling seven Chapter 11 cryptocurrency bankruptcies since 2022 have requested and received fees totaling $751 million. Among some of the largest bankruptcy cases in the crypto industry, law firms earning the most fees include Sullivan & Cromwell, Kirkland & Ellis, White & Case, and Cleary Gottlieb. The four firms received $484 million for handling cryptocurrency bankruptcies. This accounted for 64...
