Terraform Labs (TFL), embroiled in a legal battle with the SEC, is shedding its assets in a strategic sale announced on July 9, 2024. The fire sale encompasses TFL’s entire business, including its subsidiary Proximity Panorama, LDA. Popular blockchain products like the investment tracker Pulsar, the interchain wallet Station, the DAO management platform Enterprise, and the smart contract automation protocol Warp are all on the auction block.
This move aims to maximize returns for creditors and stakeholders while adhering to the terms of SEC settlement and signifies a significant step towards TFL’s gradual business shutdown.
