The Case for Suing Celsius, Terraform Labs

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The identical group of plaintiffs, which incorporates pseudonymous Terra sufferer and researcher Fatman, has stated it should additionally file swimsuit towards Terraform Labs, the entity that created a litany of apps – just like the lending protocol Anchor – that used the LUNA and UST tokens. That chance highlights one of many key underlying factors within the Terra case: Regardless of leaning on the rhetoric of “decentralization,” Terra was tightly managed by a small interior group. That might in and of itself develop into additional grounds for claims of misrepresentation and fraud.

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