---
title: "Terraform Labs ends operations, Terra community takes over"
url: https://diffcoin.com/terraform-labs-ends-operations-terra-community-takes-over/
description: "Terraform Labs ceases operations after a $4.47 billion settlement with the SEC, transferring control of the Terra blockchain to the community. Source link"
published: 2024-06-13
updated: 2024-06-13
author: "Mila"
site: "Diffcoin"
---

# Terraform Labs ends operations, Terra community takes over

Terraform Labs ceases operations after a $4.47 billion settlement with the SEC, transferring control of the Terra blockchain to the community.

[Source link](https://cointelegraph.com/news/terraform-labs-shuts-down-community-leads-terra)