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The company allegedly manipulated the market of Luna and TerraUSD tokens.

TL;DR Three Arrows Capital Sues TerraForm Labs: Liquidators of the failed hedge fund are seeking $1.3 billion in damages, claiming the 2022 LUNA crash caused substantial losses. Investment Wiped Out: Three Arrows Capital's $190 million investment in LUNA plummeted to around $2,700, with overall crypto holdings dropping by $858 million.

TerraForm sought to "manipulate the open market for LUNA and UST in a manner that artificially inflated the price for the assets," it claims.

Liquidators of the defunct crypto hedge fund Three Arrows Capital are reportedly pursuing a claim of at least $1.3 billion from TerraForm Labs. According to an Aug.

3AC liquidators alleged that Terraform Labs misled the Singaporean hedge fund about the stability of tokens in the Terra ecosystem.

The legal troubles for Terraform Labs are escalating, with Three Arrows Capital (3AC) filing a massive $1.3 billion claim against the company. 3AC blames Terraform Labs for its downfall in 2022.

Defunct cryptocurrency hedge fund Three Arrows Capital's (3AC) liquidators have sued Terraform Labs for $1.3 billion, for losses the fund suffered following the 2022 crash, Bloomberg reported on Monday.

Three Arrows Capital liquidators have filed a lawsuit in pursuit of receiving $1.3 billion from TerraForm Labs. The failed crypto hedge fund states that the collapse of LUNA caused losses for the firm.

Liquidators of the now-defunct crypto hedge fund Three Arrows Capital (3AC), that succumbed to the crash of Luna and TerraUSD, are seeking at least $1.3 billion in compensation from Terraform labs. The claim would help patch the losses that the fund incurred following the 2022 debacle.

Liquidators for Three Arrows Capital (3AC), the now-defunct crypto hedge fund, have filed a lawsuit seeking $1.3 billion in damages from TerraForm Labs.

Three Arrows liquidators are seeking $1.3 billion from TerraForm Labs over losses from the 2022 collapse of its TerraUSD and Luna tokens.

Liquidators for the defunct cryptocurrency hedge fund Three Arrows Capital are pursuing a claim of at least $1.3 billion against TerraForm Labs Pte., the bankrupt digital assets company co-founded by Do Kwon.

Is last weekend's 29% upswing for Terra Luna Classic sustainable or just a temporary spike?

The legal challenges of bankrupt Terraform Labs are about to get complicated. This is because former crypto hedge fund giant Three Arrows Capital (3AC) has made a claim of $1.3 billion on the firm.

The crypto markets are undergoing a roller coaster ride, with the major tokens facing extreme pressure on either side. The accumulation of selling pressure over the top two tokens has allowed the other altcoins to swell, LUNC and LUNA being some of them.

The deep pocket of liquidity at $0.0001 could be swept before a bearish reversal.

Ethena, Pepe and Luna Classic are our top cryptocurrencies to watch this week.

Cryptocurrency prices did well during the weekend as the recent sense of fear among investors faded. The Beam token rose by over 16% on Sunday while Akash Network (AKT), Artificial Superintelligence Alliance (FET), and Terra Classic (LUNC) jumped by double digits.

The Montenegro Supreme Court has halted the extradition process of Do Kwon to South Korea.

By popular demand, Terra Luna Classic introduces the Tax2Gas mechanism, opening a new era for LUNC burns.

Cryptocurrencies have mostly become a game of highly capitalized institutional investors known as venture capitalists (VC), often described as a “predatory” dynamic. As the Securities and Exchange Commission (SEC) continues with the cryptocurrency industry crackdown, VC-funded projects could offer increased risks.

This change is expected to make transactions smoother for developers and users, potentially attracting more activity to the Terra Luna Classic network.

The Supreme Court of Montenegro has postponed the extradition of Terraform Labs founder Do Kwon to his home country of South Korea, pending a review of the legality of the previous court decisions.

Terra Luna Classic chain will undergo a major upgrade to implement the most-awaited Tax2Gas on the chain. The proposal by the core developer Genuine Labs is approved by the Terra Classic community.