Terra’s Legal Team Throw In The Towel

Terra’s in-house legal team has resigned, Decrypt.co reports, citing a Terraform Labs spokesperson as its source.

General counsel Marc Goldich, chief corporate counsel Lawrence Florio, and regulatory counsel Noah Axler have all left their positions.

It is still unclear why the attorneys resigned.

In the days following the collapse of UST and LUNA, outspoken Terra co-founder Do Kwon has made multiple proposals for Terra’s path forward.

The most recent, “Terra Ecosystem Revival Plan 2,” debuted yesterday and involves dispensing of UST permanently, and splitting—aka forking—LUNA into the old, currently worthless coin, “LUNA Classic” (LUNC), and a new version of the coin re-dubbed LUNA.