Terra co-founder Do Kwon faces $57-million lawsuit in Singapore

by Aurelia Butler 28 October 2022, 23:20 199 Views

In a lawsuit filed in Singapore’s high court on Sept. 23, 359 individuals allege Kwon, Platias, the LFG and Terra made fraudulent claims, including that Terra’s stablecoin, TerraUSD (UST) — now TerraUSD Classic (USTC) — was not “stable by design” and unable to maintain its U.S. dollar peg.

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Source: Cryptocurrency - investing.com

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Terra co-founder Do Kwon faces $57-million lawsuit in Singapore

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