Fresh Lawsuit Slammed Against Terra and Others Involved: Investors Seek Justice
The fallout from the Terra (LUNA) and TerraUSD (UST) collapse continues, with a fresh lawsuit adding to the mounting legal pressure on Terraform Labs and individuals involved, including Do Kwon. Investors are seeking accountability for the devastating losses suffered during the stablecoin's dramatic implosion.
According to the report, the lawsuit was filed by Matthew Albright in New York federal court, on behalf of all the victims of the TerraUSD (UST) collapse. It's also noted that TerraForm Labs (TFL), the creator of Terra (LUNA), is being slammed with a class action lawsuit from US law firm Bragar Eagel & Squire, P.C.
Allegations of Misleading Investors
Within the filed lawsuit, Terra is accused of misleading investors and getting them to buy more tokens at artificially inflated prices. Also, they allege that Terraform labs... This echoes similar accusations made in other legal challenges against the company.
The CEO of TerraForm Labs, Do Kwon, is being hit with a new set of accusations for his alleged participation in the downfall of the Terra ecosystem, which once boasted billions in value before its catastrophic decline.
SEC Victory and Ongoing Legal Battles
The US Securities and Exchange Commission (SEC) has won a big case against TerraForm Labs (Terra) and its founder, Do Kwon. A court order from yesterday states... This victory strengthens the SEC's position as they continue to investigate and pursue legal action related to the Terra collapse.
In a high-stakes legal battle between Terraform Labs and the U.S. Securities and Exchange Commission (SEC), the courtroom drama intensifies as pivotal hearings...
Global Investor Action: Lawsuits in Multiple Jurisdictions
The legal repercussions extend beyond the United States. Over a dozen Indian investors, along with approximately 400 other Terra-LUNA investors, are also exploring filing a lawsuit against Kwon and others in Singapore. The... This international effort demonstrates the widespread impact of the Terra collapse and the determination of investors worldwide to seek compensation for their losses.
Galaxy Digital Settlement Adds to Pressure
Galaxy Digital, the cryptocurrency investment firm led by Michael Novogratz, has agreed to pay a $200 million settlement following allegations that it misled investors... While not directly related to this specific lawsuit, it contributes to the overall narrative of accountability surrounding the Terra ecosystem and related entities. The 28 de sept. de 2025. date, will certainly be another landmark for the case.
This is a developing story. Stay tuned for updates as the legal proceedings unfold.