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Lawsuits aimed at recouping UST/Luna losses test uncharted waters

Quick Take

  • A major South Korean law firm, LKB & Partners, is suing Do Kwon and co-founder Daniel Shin on behalf of five investors.
  • Other investors are also organizing online to launch their own lawsuits; we may end up seeing cases centered around whether TFL represented its products and the risks of investing accurately.
Legal trouble is brewing for Terraform Labs following last week’s collapse of TerraUSD. Do unhappy investors have a case?

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