https://apnews.com/article/do-kwon-crypto-terraform-bankruptcy-7b3838d583c2b8100b9ed46e43cba4c0

NEW YORK (AP) — Terraform Labs has filed for Chapter 11 bankruptcy protection, less than two years after a collapse of the company’s cryptocurrency devastated investors around the world.

The Singapore crypto firm filed for protection in U.S. bankruptcy court in Delaware on Sunday, according to court documents. Terraform listed both its estimated assets and liabilities in the $100 million to $500 million range.