Terra's Legal Team Quits — What's Next?
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Terra's Legal Team Quits — What's Next?

1 year ago

According to several reports, Terra's legal team threw in the towel in May shortly after the collapse.

Terra's Legal Team Quits — What's Next?
Even though Do Kwon's fork proposal has not yet been voted on, there's never a dull day in Terraland.
Today, news broke that Terra's legal team, consisting of general counsel Marc Goldich, chief corporate counsel Lawrence Florio, and regulatory counsel Noah Axler had all left their positions briefly after the infamous UST collapse. Decrypt obtained the following info in an email:

"The past week has been challenging for Terraform Labs, and a small number of team members resigned in recent days. The vast majority of team members remain steadfastly committed to carrying out the project’s mission."

Interestingly, the three had been working for less than a year at Terra. Goldich joined the company in August 2021, while Axler and Florio were onboard since January 2022. Crypto Twitter was rife with speculation that the trio resigned over upcoming lawsuits, and the first indicators may be pointing that way:

Furthermore, South Korea's ruling party has reportedly called for a parliamentary hearing into the UST collapse, which would include summoning Do Kwon to attend and testify.
Meanwhile, voting on the Terra fork proposal has begun, with those in favor of a fork jumping out to an early lead. You can follow the vote in real-time here.
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