🌋 LBRY Issues Final Message
posted 20 Oct 2023
The creators of the LBRY blockchain, have released their final message to the crypto community, declaring their inability to continue due to “several million dollars” in debts.
The company cited debts owed to the SEC, legal expenses, and a private debtor as insurmountable barriers.
“LBRY Inc. must die, there is no escaping this. It has lost a judgment to the federal government, has million dollars in debts, and has pledged to shut down.”
“Thank you to everyone who fought with us for online freedom,” the LBRY Inc team said.
The company cited debts owed to the SEC, legal expenses, and a private debtor as insurmountable barriers.
“LBRY Inc. must die, there is no escaping this. It has lost a judgment to the federal government, has million dollars in debts, and has pledged to shut down.”
“Thank you to everyone who fought with us for online freedom,” the LBRY Inc team said.
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