Proposal 4818: Terraform Labs’ Final Upgrade Amid SEC Settlement

Quick Summary:

As Terraform Labs (TFL) moves towards winding down its operations, it has announced that Proposal 4818 will be the final chain upgrade implemented.

The company’s difficulties began with the collapse of the Terra ecosystem in 2022, which has since led to a substantial $4.5 billion settlement with the SEC.

This decision comes after TFL’s settlement with the SEC and its ongoing Chapter 11 bankruptcy proceedings.

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Author / Journalist: Elena R

Category: Crypto

Markets: United States

Topics: News Altcoins

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-27 @ 07:14:23 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 357 words

Reading Time: 2 minutes read

Sentences: 36 lines

Sentence Length: 10 words per sentence (average)

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Copyright Owner: © Coinpedia

News ID: 22278060

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