Three Arrows Capital Liquidators File $1.3 Billion Claim Against Terraform Labs
The claim alleges market manipulation and misleading information led to significant losses following the 2022 Terra ecosystem collapse.
- Three Arrows Capital liquidators are seeking $1.3 billion from Terraform Labs for losses incurred during the 2022 Terra crash.
- Liquidators claim Terraform Labs manipulated the market, inflating the value of TerraUSD and Luna tokens.
- The collapse of TerraUSD and Luna led to Three Arrows Capital's bankruptcy and substantial losses in its other holdings.
- Terraform Labs, co-founded by Do Kwon, filed for Chapter 11 bankruptcy in January 2024.
- Do Kwon, facing charges in the US and South Korea, was found liable for fraud by a US jury in April 2024.
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