BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

Terra’s Legal Team Throws in the Towel

by Favour Ajibade
May 18, 2022 - 12:00 am
in Blockchain
Terra's Legal Team Throw in the Towel

According to their LinkedIn profiles that show their departure from the company this month, three top in-house attorneys of the Singapore-based Terraform Labs have resigned.

BREAKING: Terraform’s legal team has reportedly resigned following the $UST crash.

— Watcher.Guru (@WatcherGuru) May 17, 2022

The last week’s cryptocurrency industry general unrest caused by the collapse of Terra’s projects is still reverberating, this time, within the walls of Terraform Labs itself as its internal legal team legal teams re-signed.

Terra’s top in-house regulatory, litigation, and corporate counsel members’ resignation came after the projects crashed last week, as the blockchain’s native cryptocurrency assets plummeted to unimaginable levels.

The ongoing drama with Terraform Labs took an unexpected turn following an alleged change in job status for several members of the company’s legal team.

Chief corporate counsel Lawrence Florio, general counsel Marc Goldich, and regulatory counsel Noah Axler have all left the company in May, within less than a year, according to their LinkedIn profiles.

Goldich’s Linkedin profile said his title was “general counsel,” and he worked for Terraform Labs (TFL) for ten months.

Axler’s Linkedin page indicates he was “chief litigation and regulatory counsel” for TFL. It also stated he worked full-time with TFL for five months from January to this month. While Lawrence was dubbed TFL’s “chief corporate counsel,” he worked for the company from January through May.

As of now, it is unknown why the attorneys left, but their resignation may be due to a recent change in work status for three members of the legal team following the significant volatility in the cryptocurrency market when the price of LUNA plunged below $0.00 last week.

On Tuesday, Stacy Herbert, the infamous Bitcoin supporter, tweeted about the current Terra challenge, saying that Terraform Labs’ legal team resigned. Herbert stated, “Nothing they can do when the CEO wouldn’t stop emailing whales with ridiculous ‘rescue’ plans and then tweeting about those proposals as if they were a done deal (they were nowhere near).”

Furthermore, a few other Terraform Labs members have also resigned, according to a representative from the company.

“The past week has been difficult for Terraform Labs, and a small number of team members have resigned in recent days,” he stated.

Tags: LUNATerraUST
Favour Ajibade

Favour Ajibade

Favour Ajibade is a content writer and crypto lover from Nigeria who is passionate about introducing Web3 and cryptocurrency-based technologies to the world through writing. He was first introduced to crypto in 2020 and was immediately intrigued. He is a student biomedical researcher and enjoys spending his free time reading and learning new things.

Related Posts

Exterior view of the Czech National Bank building in Prague, symbolizing the institution’s financial strategies and innovation.

Bank of England Governor Says Stablecoins Could Reduce Reliance on Banks

October 1, 2025

Andrew Bailey says stablecoins could reduce UK reliance on commercial banks by separating money from credit, signaling a...

blockchain

Spacecoin Executes First Blockchain Transaction Through Space

October 1, 2025

Spacecoin has achieved the first-ever blockchain transaction through space using a nanosatellite, marking a milestone for decentralization and...

The headquarters of the Autorité des Marchés Financiers (AMF) Investor in Paris, France, the regulatory body warning investors against ByBit.

French Officials Pressured Telegram to Censor Moldova Election Posts: Durov

September 28, 2025

Pavel Durov revealed French intelligence pressured Telegram to censor Moldova election content in 2024, which he refused, citing...

Wall Street financial district with Bitcoin symbol representing institutional adoption

Bitcoin skepticism fades as nations gear up for adoption, says Samson Mow

September 28, 2025

Samson Mow predicts nation-states will move from skepticism to rapid Bitcoin adoption, fueling global FOMO and a rush...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service