Chris Amani, CEO of Terra blockchain developer Terraform Labs, has asked the community to take control as the company plans to dissolve its operations. According to Amani, the company plans to sell its projects in the Terra ecosystem, including Pulsar Finance, Station Wallet, and Enterprise DAO. Previously, Terraform reached a huge $4.47 billion settlement with the Securities Exchange Commission over the UST algorithm stablecoin, but the coin collapsed sharply in 2022.