Insolvency case

In re Terraform Labs Pte. Ltd.

Authority: US Bankruptcy Court for the District of Delaware
Case number: Not published
Filed or opened: January 2024
Organization: Terraform Labs PTE Ltd
Current stage: Liquidating Chapter 11 plan approved by the bankruptcy court on 20 September 2024^S9^S8.
Outcome: Pending. The firm is winding down under the Chapter 11 plan^S8.

Decisions and steps

20 September 2024Bankruptcy court approves the liquidating Chapter 11 plan^S9^S8

S9Tier A SEC v. Terraform Labs PTE, Ltd. and Do Hyeong Kwon, No. 23-cv-1346-JSR (S.D.N.Y.)US Securities and Exchange Commission. Regulator press release. 18 September 2025.SEC distributions page. Supports the case number, the 12 June 2024 consent judgment and the 20 September 2024 Chapter 11 plan approval. Says payments run through the bankruptcy estate.
S8Tier C Terraform Labs gets sign off from US bankruptcy judge to begin winding down: ReutersThe Block (Sarah Wynn). Press report. 19 September 2024.Supports the bankruptcy court approval of the wind down. It does not confirm final dissolution.