Three Arrows Capital sues TerraForm Labs for $1.3 billion, alleging market manipulation that led to the LUNA crash
1 min read
Three Arrows Capital (3AC), a defunct crypto hedge fund, has initiated a legal action seeking $1.3 billion in damages from TerraForm Labs. The lawsuit claims that market manipulation orchestrated by TerraForm Labs resulted in substantial losses during the 2022 fall of LUNA and TerraUSD. The lawsuit alleges that TerraForm Labs artificially inflated the prices of LUNA and TerraUSD, prompting Three Arrows to invest in these tokens, resulting in significant financial