TechFlow reports that Terraform Labs (TFL) has announced operational changes following the latest court ruling in its lawsuit with the SEC. TFL expects to soon receive an injunction prohibiting it from conducting certain activities in the United States.
The company plans to begin restricting U.S. users' access to certain products and features starting April 28. However, this policy change will not affect some projects, including the open-source Cosmos SDK module Alliance and the Terra blockchain itself.
TFL stated it will start withdrawing a total of $23.8 million in LUNA liquidity from three platforms—Astroport, Ura, and White Whale—beginning April 26.
Earlier, on April 19, the SEC requested various injunctions against Terraform Labs, along with a $5.3 billion penalty. Despite TFL's bankruptcy and the depegging of its stablecoin TerraUSD, the company continues to operate and offer certain products.
