3 Cryptocurrencies With Real-World Use Cases
Created By Fintech Team
Do Kwon, Nicholas Platias and LFG are facing a fresh $57 million class action in Singapore.
The lawsuit is filed by 359 Terra investors in Singapore’s high court on September 23
The aggrieved claimants state that Kwon, Platias, and the LFG have offered fraudulent claims
The so-called stablecoin ecosystem claimed by the members of Terra is no way fulfilling any claims.
It was believed that [TerraUSD] would be a token whose price would always be pegged to the US Dollar
But, everything had followed anti-parallel to the claims of the founder
However, the claimants have asked for roughly $57 million compensation
Do Kwon become the target of several legal actions and threats since TerraUST has been crashed.
Issued an arrest warrant, Interpol added him to its Red Notice list, prosecutors were “in the process of freezing” tokens, etc.