Terra co-founder Do Kwon slapped with a $57 million lawsuit by 350 investors
According to the Wall Street Journal's report from Friday, Do Kwon is currently facing another lawsuit which was filed back on September 23. Filed on behalf of over 350 investors, the lawsuit alleges "fraudulent misrepresentation" at the hand of Do Kwon. These allegations are in concern with the stability of TerraUSD, Terra's algorithmic stablecoin.
While this lawsuit only took place last month, many others, such as class action suits from other legal firms such as Grant & Eisenhower and more, are yet to reach their conclusion. Furthermore, Do Kwon has been on the government's crosshair for months now. The South Korean prosecutors are already searching for him, and just last month, Interpol issued a worldwide search warrant - a "red notice - in his name.
Source
https://t.me/Cash_Blockchain_News
