Amitoj Singh is a CoinDesk reporter.
They allege TerraForm induced 3AC to purchase Luna and TerraUSD by manipulating the market for these tokens.
Defunct cryptocurrency hedge fund Three Arrows Capital's liquidators have sued Terraform Labs for $1.3 billion, for losses the fund suffered after the 2022 crash, BloombergThis case alleges that TerraForm induced 3AC to purchase Luna and TerraUSD by manipulating the market for these tokens “in a manner that artificially inflated the price for the assets” before they were wiped-out, the liquidators said in court papers, as per Bloomberg.in Delaware, U.S. in January 2024.
Do Kwon remains in Montenegro where he has been since his arrest in March 2023 for attempting to use fake travel documents. He awaits a final decision from Montenegro's authorities on where he is to be extradited. Both South Korean and U.S. authorities have been seeking his extradition.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.
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