“This Will Be Our Last Post” — LBRY Concedes in Battle Against the SEC By Cointelegraph

Blockchain company LBRY Inc., the developers of the LBRY blockchain, has communicated its final message to the cryptocurrency community, revealing that “several million dollars” in debt has made it unfeasible for the company to continue operations.

In a statement released on October 20, the LBRY Inc. team announced, “This will be our last post,” on Odysee, a video-sharing platform powered by LBRY, sharing the news across social media as well.

### Crypto Community Responds

The cryptocurrency community has since expressed their support and shared their thoughts in response to LBRY’s situation, as seen in numerous comments on their posts leading up to the announcement.

Furthermore, LBRY has decided not to pursue its appeal against the SEC, marking a significant turn in the company’s journey.