Three Arrows Capital Seeks $1.3 Billion from Terraform Labs 🗡️

A high-stakes legal battle is brewing in the crypto world. 😤 The liquidators of the bankrupt hedge fund Three Arrows Capital are demanding $1.3 billion from #TerraLabs . 👀🤮

They claim that Terraform’s manipulation of the TerraUSD and $LUNA tokens led to massive losses for Three Arrows when the cryptocurrencies crashed in 2022. 🤦‍♀️

This legal showdown is shaping up to be a key event in the ongoing fallout from the Terra ecosystem collapse. 🤖👊

What do you think about this legal action? 🤷 DYOR! #Altcoins

Source: Bloomberg 🙏