The liquidator of the bankrupt Cryptocurrency Hedging fund, 3AC, is seeking at least $1.3 billion in compensation from Terraform Labs to make up for the losses suffered by the fund after the collapse of TerraUSD and Luna Token in 2022.
The liquidator stated in court documents that prior to the collapse of these Tokens, Terraform manipulated the market for these Tokens in a way that artificially inflated asset prices, inducing 3AC to purchase Luna and TerraUSD. They claimed that the collapse not only wiped out 3AC's investments in these Tokens,
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Three Arrows Capital liquidators seek at least $1.3 billion in compensation from Terraform Labs
The liquidator of the bankrupt Cryptocurrency Hedging fund, 3AC, is seeking at least $1.3 billion in compensation from Terraform Labs to make up for the losses suffered by the fund after the collapse of TerraUSD and Luna Token in 2022. The liquidator stated in court documents that prior to the collapse of these Tokens, Terraform manipulated the market for these Tokens in a way that artificially inflated asset prices, inducing 3AC to purchase Luna and TerraUSD. They claimed that the collapse not only wiped out 3AC's investments in these Tokens,