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Liquidators for the defunct cryptocurrency hedge fund Three Arrows Capital are pursuing a $1.3 billion claim against TerraForm Labs. This legal action is linked to losses incurred during the 2022 crash of TerraUSD and Luna tokens. The lawsuit, filed on August 9, accuses TerraForm Labs, co-founded by Do Kwon, of misleading Three Arrows Capital about the stability and value of these tokens prior to their collapse. The liquidators aim to recover funds lost in the aftermath of this significant market event.
3AC liquidators file lawsuit against Terraform Labs seeking $1.3 billion in damages https://t.co/XpwkewwInO
3AC SEEKS $1.3 BILLION FROM TERRAFORM LABS OVER TERRA COLLAPSE Liquidators for the bankrupt cryptocurrency hedge fund Three Arrows Capital (3AC) are pursuing $1.3 billion in damages from Terraform Labs. The claim, filed on August 9, alleges that Terraform Labs misled 3AC about… https://t.co/0cDa3NFiEq
3AC VS. TERRAFORM LABS: THE $1.3B SHOWDOWN Three Arrows Capital (3AC) is coming for Terraform Labs, demanding $1.3 billion. They’re accusing Terraform of misleading them about Terra’s tokens like UST and Luna before the May 2022 crash. 3AC, once a heavyweight with $18… https://t.co/x6hf8rIBfu