LBRY concedes to total shutdown, citing loss to SEC and millions in debt
LBRY Inc., the developer of the LBRY blockchain, is shutting down services because it lost a lawsuit to the U.S. Securities and Exchange Commission (SEC), and it “has several million dollars in debts.” In an Oct. 19 statement, LBRY explained that it owed several million dollars in debt to its legal team, private debtors, and […]