Chris Amani, the CEO of Terraform Labs, has said that the company’s decision to file for bankruptcy will help it appeal its lawsuit from the United States Securities and Exchange Commission. Terraform Labs is set to have its bankruptcy court hearing on Wednesday. The current CEO of Terraform Labs, Chris Amani, wrote in a January 30th filing to the Delaware Bankruptcy Court that its Chapter 11 bankruptcy was crucial in helping the firm appeal the lawsuit filed against it by the Securities and Exchange Commission. Terraform Labs had filed for bankruptcy on January 21st.
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