Three Arrows Capital Liquidators Seek $1.3 Billion from TerraForm Labs Over Market Manipulation

Liquidators of Three Arrows Capital (3AC) are seeking $1.3 billion from TerraForm Labs Pte. The claim alleges that TerraForm Labs manipulated the market for $Luna and UST tokens, causing 3AC to suffer significant losses. Three Arrows Capital collapsed after the crash of $Luna and TerraUSD, leading to the appointment of liquidators to recover assets for creditors.