Terraform Labs Files for Chapter 11 Bankruptcy

Terraform Labs, the blockchain firm responsible for the Terra ecosystem, has recently filed for Chapter 11 bankruptcy in the United States. This comes after a court ruling that found the firm in violation of U.S. laws. The Singapore-based blockchain company submitted court documents on January 21st.

Coinbase’s Paul Grewal criticizes U.S. GAO’s report on crypto and sanctions evasion

Paul Grewal, Chief Legal Officer of Coinbase, has strongly criticized the recent crypto report from the U.S. Government Accountability Office (GAO), calling it ‘shoddy work’ and accusing it of sensationalizing crypto’s role in sanctions evasion. Grewal’s comments highlight his disagreement with the report’s findings and emphasize the need for accurate and informed analysis of the crypto industry.

Ondo Finance Expands Tokenized Asset Platform to Asia Pacific Region

Ondo Finance, a platform specializing in tokenized real-world assets, has announced its expansion into the Asia Pacific region. As part of its growth strategy, Ondo has appointed Ashwin Khosa, a former employee of Tether and Bitfinex, as a key member of its team. This expansion marks an important milestone for Ondo Finance as it seeks to tap into the growing market for tokenized assets in the Asia Pacific region.

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