🚀 Good news for Terraform Labs and its co-founder Do Kwon! The fraud class action lawsuit against him has been voluntarily withdrawn in the U.S. District Court for the Northern District of California. Although the reasons were not specified, this comes as a relief to the company and Kwon, who have been the subject of investigations around the world.
🔍 Recall that Terraform Labs collapsed in June 2022, causing a significant drop in the cryptocurrency market. Kwon and the company have since faced multiple fraud allegations.
📣 What do you think of this news? Do you think this will affect the cryptocurrency market? Comment below and let's talk about it!