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Terraform Labs plans to sell four businesses for $4.50 billion to comply with the SEC settlement agreement.

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TechFlow
315Words
Jul 11, 2024

Bankrupt crypto company Terraform Labs plans to sell its four businesses, including Pulsar Finance, Station, Enterprise, and Warp, for $4.50 billion to fulfill a settlement agreement with the U.S. Securities and Exchange Commission (SEC) and gradually cease operations. The sale aims to "maximize value for creditors and other stakeholders." Last month, Terraform reached a $4.50 billion settlement with the SEC, and its co-founder Do Kwon was barred from the crypto industry. Interested investors can contact their investment bank, CAVU Securities.

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