The court's decision will determine if the company can restructure or must liquidate.
Bankrupt crypto firm Terraform Labs is now facing a critical moment with its Chapter 11 bankruptcy reorganization hearing scheduled for Sept. 19 in Beijing.
The outcome of this hearing will play a crucial role in determining the company’s future. It has been embroiled in legal battles and financial turmoil since its dramatic collapse in 2022.
The court’s decision will determine whether the company can successfully restructure and emerge from bankruptcy or be forced to liquidate its remaining assets and cease operations entirely.
