News Explorer — Liquidators of Three Arrows Capital Say TerraForm Labs Owes It $1.3 Billion for Alleged Market Manipulation

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Aug 13, 10:57 am

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Liquidators of Three Arrows Capital Say TerraForm Labs Owes It $1.3 Billion for Alleged Market Manipulation

Liquidators of Three Arrows Capital (3AC) are seeking $1.3 billion from TerraForm Labs Pte. The claim alleges that TerraForm Labs manipulated the market for Luna and UST tokens, causing 3AC to suffer significant losses. Three Arrows Capital collapsed after the crash of Luna and TerraUSD, leading to the appointment of liquidators to recover assets for creditors.

Liquidators of Three Arrows Capital (3AC) are seeking $1.3 billion from TerraForm Labs Pte. The claim alleges that TerraForm Labs manipulated the market for Luna and UST tokens, causing 3AC to suffer significant losses. Three Arrows Capital collapsed after the crash of Luna and TerraUSD, leading to the appointment of liquidators to recover assets for creditors.

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