Class-Action Lawsuit Against Terraform Labs and Do Kwon Dropped Following Collapse of Terra
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Class-action lawsuit against Terraform Labs and Do Kwon dropped in late September.
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Lawsuit was filed in June 2022 following the collapse of Terraform Labs.
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Kwon and Terraform Labs have faced lawsuits from investors and authorities after the Terra collapse.
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U.S. SEC filed civil suit against Kwon and Terra in February for alleged fraud.
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Kwon was arrested in Montenegro in March and sentenced to 4 months in prison for using false travel documents.