Terraform Labs, the blockchain company, has appointed Chris Amani as its new CEO. Amani has pledged to steer the company's products in different directions and has no plans to continue offering algorithmic stablecoins.
The former CEO, Do Kwon, stepped down several months ago to address his legal matters. Currently, he is imprisoned in Montenegro, with the USA and South Korea claiming him as the primary cause behind the LUNA/UST crash last year and seeking his extradition.
According to The Wall Street Journal, Chris Amani, the former Chief Operating Officer and Chief Financial Officer of Terraform Labs, has been promoted to the position of CEO. The company is optimistic about his appointment, believing he is the right choice for the role.
Amani has expressed his commitment to developing applications that offer tangible value
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First found on: New CEO Unveiled for Terraform Labs
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