Multiple sources have reported that Terra’s crash must have prompted its legal team to throw in the towel. This happened some time after the bad news.
The soap opera Terra, a drinking trough of ” sad news »?
For the moment, we are awaiting the verdict of the polls on the suggestion of the fork of Terra by Do Kwon. But we’d also like to let you know that Terra’s legal team has decided to abandon the blockchain. It consists in particular of:
- Marc Goldish, General Counsel;
- Lawrence Florio, Chief General Counsel;
- and Noah Axleer, regulatory attorney.
Decrypt was able to extract the following information from an email:
” The past week has been tough for Terraforme Labs, and a small number of team members have resigned over the past few days. The vast majority of team members remain firmly committed to achieving the project’s mission. »
Newly recruited lawyers
It should be noted that these Terraform Labs lawyers had been with the company for less than a year.
- Goldich joined in August 2021;
- Axler and Florio have both joined Terra since January 2020.
The crypto community on Twitter speculated thus: this resignation announces upcoming legal proceedings. Yet another misfortune that will darken this soap opera Terra again and again.
Above is a tweet from Watcher.Guru that went in this direction:
” South Korean law firm LKB is reportedly suing Do Kwon on behalf of investors who lost money in the UST crash. »
It should also be noted that the ruling party in South Korea is said to have requested a parliamentary hearing concerning the fall of Terra, UST and LUNA. Surely, Do Kwon will be called for testimony. But there is a good chance that this Terra soap opera will also have an outcome. Many are waiting for the change fork vote. Can we still have hope for Terra?
Source : CoinMarketCap
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Mikaia ANDRIAMAHAZOARIMANANA
The blockchain and crypto revolution is underway! And the day when the impacts will be felt on the most vulnerable economy of this World, against all hope, I will say that I had something to do with it
