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Ecommerce aggregator Thrasio files for Chapter 11 seeking a financial overhaul to eliminate $495 million debt. Terraform Labs, a bankrupt crypto firm, plans to sell four businesses as part of a $4.5 billion compliance deal with the US SEC. The businesses include Pulsar, Station, Enterprise, and Warp, offering various services like portfolio tracking and on-chain automation protocols. Terraform Labs' market cap has dropped to $260 million, down by 34.6% in 30 days.
💰 NEW: The bankrupt Terraform Labs is looking to sell four of its companies as it winds down operations to comply with its multi-billion @SECgov deal. https://t.co/Sby5mT6MbA
Terraform Labs is selling four companies in its bankruptcy process: 🔸 #Pulsar, a portfolio tracker 🔸 #Station, a non-custodial interchain wallet �� #Enterprise, a no-code DAO management platform 🔸 #Warp, an on-chain automation protocol
UPDATE: BANKRUPT CRYPTO FIRM TERRA FORM LABS TO SELL FOUR BUSINESSES AS PART OF $4.5B COMPLIANCE DEAL WITH THE US SEC
