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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="Weather Man" data-source="post: 16774195" data-attributes="member: 137766"><p><h3>Terraform Labs' legal team quits after UST, LUNA meltdown</h3><p>May 17, 2022 3:33 PM ET<a href="https://seekingalpha.com/symbol/UST-USD?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AUST-USD" target="_blank">TerraUSD (UST-USD)</a>, <a href="https://seekingalpha.com/symbol/LUNA-USD?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ALUNA-USD" target="_blank">LUNA-USD</a>By: <a href="https://seekingalpha.com/user/54370868/profile?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name%7Cfirst_level_url%3Anews" target="_blank">Max Gottlich</a>, SA News Editor<a href="https://seekingalpha.com/news/3840149-terraform-labs-legal-team-quits-after-ust-luna-meltdown#comments" target="_blank">1 Comment</a></p><p></p><ul> <li data-xf-list-type="ul">Shortly after the debacle of cryptocurrency LUNA (<a href="https://seekingalpha.com/symbol/LUNA-USD?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews" target="_blank">LUNA-USD</a>) and algorithmic stablecoin TerraUST (<a href="https://seekingalpha.com/symbol/UST-USD?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews" target="_blank">UST-USD</a>), Singapore-based Terraform Labs' legal team has resigned.</li> <li data-xf-list-type="ul">Moreover, counsel team members <a href="https://www.linkedin.com/in/marcgoldich/" target="_blank">Marc Goldich</a>, <a href="https://www.linkedin.com/in/florio/details/experience/" target="_blank">Lawrence Florio</a> and <a href="https://www.linkedin.com/in/noahaxler/" target="_blank">Noah Axler</a> all fled from Terraform, the company behind UST and LUNA, this month, as seen in their LinkedIn profiles Tuesday.</li> <li data-xf-list-type="ul">As a result, legal matters are now being dealt with by outside counsel, a person with knowledge on the matter told <a href="https://www.theblockcrypto.com/post/147390/terraform-labs-legal-team-resigns-after-ust-collapse" target="_blank">The Block</a> Tuesday.</li> <li data-xf-list-type="ul">“The past week has been challenging for Terraform Labs, and a small number of team members resigned in recent days,” a spokesperson for the company told The Block. Nevertheless, "our focus is now on executing our plan to revive the Terra ecosystem.”</li> <li data-xf-list-type="ul">Earlier, Bill Ackman likened Terra's algorithm to a <a href="https://seekingalpha.com/news/3840032-bill-ackman-likens-terras-algorithm-to-crypto-version-of-a-pyramid-scheme?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews" target="_blank">crypto version of a pyramid scheme</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16774195, member: 137766"] [HEADING=2]Terraform Labs' legal team quits after UST, LUNA meltdown[/HEADING] May 17, 2022 3:33 PM ET[URL='https://seekingalpha.com/symbol/UST-USD?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AUST-USD']TerraUSD (UST-USD)[/URL], [URL='https://seekingalpha.com/symbol/LUNA-USD?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ALUNA-USD']LUNA-USD[/URL]By: [URL='https://seekingalpha.com/user/54370868/profile?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name%7Cfirst_level_url%3Anews']Max Gottlich[/URL], SA News Editor[URL='https://seekingalpha.com/news/3840149-terraform-labs-legal-team-quits-after-ust-luna-meltdown#comments']1 Comment[/URL] [LIST] [*]Shortly after the debacle of cryptocurrency LUNA ([URL='https://seekingalpha.com/symbol/LUNA-USD?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews']LUNA-USD[/URL]) and algorithmic stablecoin TerraUST ([URL='https://seekingalpha.com/symbol/UST-USD?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews']UST-USD[/URL]), Singapore-based Terraform Labs' legal team has resigned. [*]Moreover, counsel team members [URL='https://www.linkedin.com/in/marcgoldich/']Marc Goldich[/URL], [URL='https://www.linkedin.com/in/florio/details/experience/']Lawrence Florio[/URL] and [URL='https://www.linkedin.com/in/noahaxler/']Noah Axler[/URL] all fled from Terraform, the company behind UST and LUNA, this month, as seen in their LinkedIn profiles Tuesday. [*]As a result, legal matters are now being dealt with by outside counsel, a person with knowledge on the matter told [URL='https://www.theblockcrypto.com/post/147390/terraform-labs-legal-team-resigns-after-ust-collapse']The Block[/URL] Tuesday. [*]“The past week has been challenging for Terraform Labs, and a small number of team members resigned in recent days,” a spokesperson for the company told The Block. Nevertheless, "our focus is now on executing our plan to revive the Terra ecosystem.” [*]Earlier, Bill Ackman likened Terra's algorithm to a [URL='https://seekingalpha.com/news/3840032-bill-ackman-likens-terras-algorithm-to-crypto-version-of-a-pyramid-scheme?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews']crypto version of a pyramid scheme[/URL]. [/LIST] [/QUOTE]
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