⚡Cryptocurrency news!⚡

- A wallet associated with Terraform Labs and its founder Do Kwon transferred 1,075 BTC to a new address. The transaction amounted to $62.8 million!

- As part of the agreement with the SEC, Terraform Labs is required to cease operations. The company has about $2 million in altcoins left in its reserves.

- Recall that the collapse of Terra in 2022 led to losses of more than $60 billion and a chain reaction of bankruptcies in the crypto industry.

What do you think about the future of cryptocurrencies? Share your opinions in the comments! 💬