The story of Terraform Labs, the blockchain developer behind Terra (LUNA), continues to unfold. After changing the employment status of several of the company’s legal teams
According to a LinkedIn profile of their legal team, Terraform Labs General Counsel Marc Goldich, Chief Litigation and Regulatory Counsel Noah Axler and Chief Corporate Counsel Lawrence Florio.stopWork for a Blockchain Company May 2022 by Goldich startWork at Terraform Labs in August 2021 while Axler and Florio participatein January 2022
The change in employment status for three members of Terraform Labs’ legal team comes after massive volatility in the crypto market. After LUNA fell to $0.00 in two weeks and stablecoins TerraUSD (UST) price has dropped more than 88% since May 8.
Terraform Labs co-founder Do Kwon presented a revitalization plan on Wednesday. While many crypto users face significant losses andclaimto take legal action against Kwon while the others predict thatThe departure of Goldich, Axler and Florio’s legal team could be the result of a dilemma in protecting Terraform Labs, or concerns about where the next salary will come from.
If their departures stem from concerns about the crash of LUNA and UST, the legal team would not be the first players in the crypto space to abandon the seemingly sinking ship. As of December 2021, SushiSwap Chief Technical Officer Joseph Delong hasresignclaiming that “chaos” in the operation of decentralized exchange
The post Several Terraform Labs legal teams have left the company, appear first on Bitcoin Addict.