Another Shock to the Founder of the Wanted Terra (LUNA): Here are the New Accusations!

Terra (LUNA) to Do Kwon, founder of Terraform Labs A new lawsuit has been filed in Singapore over his role in the collapse.

$56.9 million worth lawsuit, Kwon the Terra ecosystem stablecoin TerraUSD (UST) accusing themselves of deceiving them into believing that it was designed to maintain a stable price. More than 300 plaintiffs opened by

Do Kwon Facing A New Case In Singapore For His Role In The Terra (LUNA) Disaster

According to court documents, plaintiffs claim that the UST is stable and resistant to fluctuation and demand due to its supposed design to remain stable under all conditions. To the Terra White Paper referred to.

They also seek compensation for fraudulent misrepresentation.

Besides Kwon, other defendants in the case include Terraform Labs, the company’s co-founder Nikolaos Alexandros Platias, and the Luna Foundation Guard (LFG).

The latest lawsuit has added yet another to Kwon’s growing legal problems due to his role in the disaster. South Korean authorities continue to search for fugitive Kwon, with the help of Interpol.

South Korean prosecutors have claimed there is new evidence showing that Kwon at some point ordered an employee to manipulate the price of Terra Classic (LUNC).

Kwon and his team view the alleged latest evidence as a move by the prosecution to indict him at all costs. According to a Terraform Labs spokesperson, the latest evidence is based on baseless claims.

Meanwhile, litigation developments continue to partially affect the value of assets in the old Terra chain.

At the time of this writing, the price of Terra (LUNA) was affected by the decrease in Bitcoin experienced yesterday. 1.82 dollars traded at levels.

*Not investment advice.

For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!


source site-5