Terraform Labs has named former COO and CFO Chris Amani as interim CEO, The Wall Street Journal reported, as the company seeks to show that it is conducting business as usual while former CEO Do Kwon is incarcerated in a Montenegrin prison.
Chris Amani said Terraform Labs will develop applications that provide real utility and will share more details of its plans in the coming months. "We have a vision of how to save this situation, although I think it will be difficult and take a long time," Amani said in an interview.
Chris Amani also said that Terraform Labs currently has about 40 employees, 15 of whom worked at Terraform Labs before UST collapsed.