Crypto-failure Terraform Labs to cough $4.5 billion and then liquidate itself (www.theregister.com)
from Alphane_Moon@lemmy.world to buttcoin@awful.systems on 17 Jun 2024 05:47
https://lemmy.world/post/16616379

#buttcoin

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cwood@awful.systems on 17 Jun 2024 09:33 collapse

Now is that number total in actual money or in fake internet money?

dgerard@awful.systems on 17 Jun 2024 10:22 collapse

actual dollarydoos

so the way the SEC is doing this is that it’s a general creditor in the bankruptcy, after the main creditors

and most of the money would be meant to go to those creditors anyway