Terra’s legal team has resigned, a spokesperson for Terraform Labs confirmed to news website Decrypt today.

Terra’s lawyers resign

Attorneys Marc Goldich, Lawrence Florio, and Noah Axler all resigned shortly after Terra’s stablecoin called UST collapsed last week and the LUNA token crashed to $0.00005.

“The past week has been challenging for Terraform Labs and a small number of team members have resigned in the past few days,” a company spokesperson said in an email. “The vast majority of team members remain steadfastly committed to carrying out the project’s mission.”

It’s not clear why Terraform Labs’ lawyers resigned.

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