Do Kwon, TerraForm Labs, Three Arrows Capital, and Others Sued for Misleading LUNA, UST Investors

Summary: Do Kwon, TerraForm Labs, and initial financial backers of LUNA and UST have been sued in a Californian court for carrying out an unregistered securities offering and misleading investors. The additional defendants in the lawsuit include Terra’s backers of Jump Crypto, Jump Trading LLC, Republic Capital, Republic Maximal LLC, Tribe Capital, DeFinance Capital/Definance Technologies OY, GSR Markets Limited, Three Arrows Capital, and Nickolas Platias. The plaintiff, Nick Patterson, is suing on behalf of all others in a class-action lawsuit. […]