Albright Capital drops lawsuit against Terraform Labs and Do Kwon By Cointelegraph
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Albright Capital has dropped its lawsuit against Terraform Labs and its founder Do Kwon, according to a Notice of Voluntary Dismissal filed in U.S. District Court on January 9. Before its dismissal, the lawsuit had alleged that the company had violated the Racketeer Influenced and Corrupt Organizations Act (“RICO”) by operating the stablecoin, UST, as a “Ponzi scheme.”
Three Arrows Capital (3AC) co-founder Su Zhu posted the dismissal to Twitter, saying:
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Albright Capital has dropped its lawsuit against Terraform Labs and its founder Do Kwon, according to a Notice of Voluntary Dismissal filed in U.S. District Court on January 9. Before its dismissal, the lawsuit had alleged that the company had violated the Racketeer Influenced and Corrupt Organizations Act (“RICO”) by operating the stablecoin, UST, as a “Ponzi scheme.”
Three Arrows Capital (3AC) co-founder Su Zhu posted the dismissal to Twitter, saying:
Continue Reading on Coin Telegraph
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