The Case for Suing Celsius, Terraform Labs

The identical group of plaintiffs, which incorporates pseudonymous Terra sufferer and researcher Fatman, has stated it can additionally file go well with 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 turn into additional grounds for claims of misrepresentation and fraud.