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Coinpedia 2023-12-01 11:02:17

Terraform Labs and Do Kwon Face Class-Action Lawsuit in Singapore!

The post Terraform Labs and Do Kwon Face Class-Action Lawsuit in Singapore! appeared first on Coinpedia Fintech News Terraform Labs and its founder, Do Kwon, could face a class-action lawsuit in Singapore after a court dismissed an attempt to shift the case to arbitration. The lawsuit, filed in September by two claimants on behalf of 375 others, alleges fraudulent misrepresentation by Terraform and its executives in promoting the algorithmic stablecoin terraUSD (UST). The …

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