Company behind stablecoin TerraUSD Terraform Labs files for Chapter 11 bankruptcy
Things have gone downhill since the cryptocurrency was no longer able to maintain a one-to-one value with the US dollar.
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Terraform Labs founder arrested in Montenegro in relation to Luna crypto crash
Do Kwon was found attempting to flee Montenegro with falsified documents. Global warrants called for Kwon's arrest following the crash of TerraUSD & Luna 'stablecoins'.
