Three Arrows Capital Seeks Compensation from Terraform Labs!

The liquidators of the bankrupt Three Arrows Capital investment fund have launched a sensational lawsuit against Terraform Labs, demanding $1.3 billion in damages. This claim originates from the losses caused by the cryptocurrency market crash in 2022.

The case exposes grave allegations: Terraform Labs reportedly manipulated the market, luring Three Arrows into purchasing Luna (LUNA) and TerraUSD (UST) tokens. The consequence? A financial catastrophe that struck in May 2022.

The Terra network’s collapse, akin to a devastating earthquake, obliterated $40 billion in value within seconds. This event ranks as one of the most shocking incidents in recent cryptocurrency history, with its aftershocks still reverberating throughout the market.