Chris Amani, CEO of Terraform Labs, announced that the company plans to dissolve and sell its projects in the Terra ecosystem, including Pulsar Finance, Station Wallet, and Enterprise DAO. This decision comes after the settlement of a $4.47 billion lawsuit between the U.S. Securities and Exchange Commission and Terraform Labs.

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Odaily Planet Daily News: Chris Amani, CEO of Terraform Labs, announced that the company plans to dissolve and sell its projects in the Terra ecosystem, including Pulsar Finance, Station Wallet, and Enterprise DAO. Earlier reports indicated that the U.S. Securities and Exchange Commission stated that Terraform has agreed to pay 4.47 billion dollars in a lawsuit settlement.

Terraform Labs plans to dissolve and sell the project, handing it over to the community.