TechFlow news — Bankrupt crypto company Terraform Labs plans to sell its four businesses—Pulsar Finance, Station, Enterprise, and Warp—for $4.5 billion, aiming to comply with its settlement agreement with the U.S. Securities and Exchange Commission (SEC) and gradually wind down operations.
Terraform stated that the sale is intended to "maximize value for creditors and other stakeholders." Last month, Terraform reached a $4.5 billion settlement with the SEC, which also bars its co-founder Do Kwon from participating in the crypto industry.
Interested investors may contact its investment bank, CAVU Securities.
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