破产

TerraForm Labs, which has been at the center of controversy over the collapse of its TerraUSD and LUNA coins, is now facing a massive $1.3 billion lawsuit from Three Arrows Capital (3AC). The former cryptocurrency giant is seeking legal recourse to recoup the significant losses it suffered from the May 2022 digital asset crash.

Source: X
This lawsuit is not only a counterattack by 3AC against its own financial difficulties, but also a pursuit of responsibility for TerraForm Labs. The former glory is in sharp contrast to the current predicament. This move by 3AC will undoubtedly bring more uncertainty and attention to the cryptocurrency market.

SafeMoon, the once popular digital currency project, has officially filed for Chapter 7 bankruptcy. The move, announced on December 14, marks a critical moment for the company and its stakeholders. Documents filed in the U.S. Bankruptcy Court in Utah show that the company has decided to liquidate the company's assets. Unfortunately, it paints a bleak picture for SafeMoon's future.
Filing details
Attorney Mark Ross filed for voluntary bankruptcy. The legal action follows a series of disturbing events at SafeMoon that culminated in this fateful step. Going into liquidation means the company is unable to continue operating or repay its debts.

The Swiss Financial Market Supervisory Authority (FINMA) announced that it has forced FlowBank, a cryptocurrency-friendly online bank that has business dealings with TrueUSD stablecoin issuer Techteryx, crypto asset management company CoinShares and the world's largest cryptocurrency exchange Binance, to go bankrupt due to major violations.
FINMA finds FlowBank in serious breach of capital adequacy requirements
In a statement on June 13, FINMA pointed out that FlowBank took closure measures because it no longer had the minimum capital required for business operations and there was no possibility of restructuring. There were concerns about the bank's excessive debt.