Terraform Labs, a blockchain company, is
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shutting down after reaching an agreement with the SEC. The CEO, Chris Amani, said they always planned to close at some point, and now is that time. Despite support from fans and the team, they couldn't keep going after losing the trial. The Terra ecosystem is still around, but its tokens have lost a lot of value. LUNA 2.0, a new version of one of its tokens, dropped by 97%. In the world of decentralized finance, Terra's protocols now only have $5.37 million in value locked, putting it pretty low on the list of popular blockc
shutting down after reaching an agreement with the SEC. The CEO, Chris Amani, said they always planned to close at some point, and now is that time. Despite support from fans and the team, they couldn't keep going after losing the trial. The Terra ecosystem is still around, but its tokens have lost a lot of value. LUNA 2.0, a new version of one of its tokens, dropped by 97%. In the world of decentralized finance, Terra's protocols now only have $5.37 million in value locked, putting it pretty low on the list of popular blockchains.#CPIAlert #ETHETFsApproved #BinanceTournament
