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LBRY was in legal tussle with the SEC for quite some time and the court made a decision against it.
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Though the blockchain firm decided to fight back and appealed against the regulator, it finally ‘gave up’.
Blockchain firm LBRY, recognized for its development of the LBRY blockchain, has issued its final communication to the cryptocurrency community. In this message, the company openly acknowledges the presence of “several million dollars” in debts that have made it infeasible to continue its operations. This announcement marks a significant development in LBRY’s journey within the cryptocurrency industry.
In a solemn declaration on October 20, the LBRY team communicated,
“This will be our last post.”
The video-sharing platform supported by LBRY, Odyssey, made the statement and was also shared on X (formerly Twitter). The final message indicates the closure of their official communications, marking the end of an era for LBRY in the
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