Get it before Oct. 30, Terraform Labs tells the third parties it is discussion its wind-down with.
Terraform Labs will shut down a number of products and services on Oct. 30 if no third parties step up to take them over, the company warned on X on Sept. 25. The selloff is part of Terraform’s wind-down after settling with the United States Securities and Exchange Commission (SEC) in June.
Terraform “continues with progress with 3rd party discussions,” it said. Apparently, the discussions are not going ideally, and the tweet reminds both the Terraform community and prospective buyers of Terraform products that their time to act is limited.
Terraform listed four services and four products that are under discussion. The services include the foundation — the Luna Foundation Guard, of which Do Kwon remains the director, the blockchain explorer and its application programming interface (API) services.
