ICYMI: Terraform Labs is accused of selling unregistered securities and making a series of false and misleading statements Terra $LUNA LUNA $UST
, the company that supports the Terra blockchain, has been slammed with a class-action lawsuit.
Plaintiff Nick Patterson has accused Terraform Labs of selling unregistered securities and making a series of false and misleading statements about the entire ecosystem. Particularly, the Terra team touted the stability of TerraUST and the Anchor protocol. Investors were guaranteed to earn a 20% interest stake.
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