Terraform Labs Acquires Pulsar Finance Amidst Legal Challenges
Terraform Labs, the company behind the Terra blockchain, has acquired Pulsar Finance, a startup specializing in cross-chain portfolio management and analytics. This move comes amidst ongoing legal challenges for Terraform, including a lawsuit filed by the SEC accusing the company of selling unregistered crypto asset securities and engaging in investor fraud. Despite these challenges, Terraform's new CEO, Chris Amani, expressed optimism about the acquisition and emphasized the company's focus on utility and blockchain ecosystem development. Terraform plans to integrate Pulsar's technology into its cross-chain wallet and infrastructure tools to enhance its technological capabilities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Building trust in Web3 with a unique ID score system: X Spaces recap with Rewardable
Blockchain broadens music royalty access on Audius with ICE deal
The positive impact of RWA and NFTs on agriculture — Interview with Dimitra
EigenLayer restaking protocol's slashing testnet now live