Golden Finance reported that Chris Amani, CEO of Terraform Labs, a developer of the Terra blockchain, asked the community to take control of the situation as the company plans to dissolve its business. According to Amani, the company plans to sell its projects in the Terra ecosystem, including Pulsar Finance, Station Wallet, and Enterprise DAO. Previously, Terraform reached a huge $4.47 billion settlement with the U.S. Securities and Exchange Commission involving the UST algorithmic stablecoin, but the coin collapsed sharply in 2022.