Terraform Labs to sell 4 companies as part of wind-down

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Terraform Labs to sell 4 companies as part of wind-down
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Bankrupt crypto firm Terraform Labs is looking to sell four crypto companies it owns as it winds down as part of a settlement with the SEC.

The bankrupt Terraform Labs is looking to sell four of its companies as it winds down operations to comply with its multi-billion SEC deal.

Bankrupt crypto firm Terraform Labs is looking to sell four of its businesses as part of a $4.5 billion deal with the United States securities regulator that sees it winding down operations.on July 9 that it is “actively exploring options” to sell its portfolio tracking platform Pulsar Finance, crypto wallet platform Station, the no-code decentralized autonomous organization , didn’t move on the news and is down 3% on the week to $0.37 — it is also down 98% since its May 2022 peak of $18.

 

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