$LUNC $LUNA $USTC

Liquidators of the bankrupt hedge fund Three Arrows Capital (3AC) have demanded $1.3 billion from TerraForm Labs

In particular, they are demanding compensation from the company for the losses incurred by the fund after the collapse of TerraUSD and Luna in 2022.

The liquidators claim that TerraForm convinced 3AC to invest in Luna and TerraUSD tokens by manipulating the market for these assets and artificially inflating their price.