FatManTerra announces class action lawsuit against Terraform Labs, Do Kwon, Jump Capital
FatMan Terra, the now famous Dark Knight of Terra, Class action proceedings Through a US lawyer, Scott + Scott attempted to recover UST investment after the collapse of the Terra ecosystem.
Announcement of litigation sign-up link for UST victims
When UST depegs on May 11, I create an account named FatMan and how LFG uses UST Pegriserve to refund small holders to mitigate the most serious consequences of the crisis. I posted a suggestion outlining … (1/15)
— FatMan (@FatManTerra) July 26, 2022
In a Twitter thread released on Tuesday, FatManTerra revealed that it has been working with US law firm Scott + Scott to establish a class action against victims of the UST collapse. He also revealed that proceedings in jurisdictions outside the United States are underway as well.
On May 11, 2022, a new Twitter account was launched to promote Terra Governance’s proposal to “use UST peg reserves to refund smallholders to mitigate the most serious consequences of the crisis.” It was created. This account was to be the home of the pseudonym Fat Man Terra.
FatManTerra’s proposal was supported by “Vitalik, Binance, and Justin Sun,” according to a FatMan thread, and included “direct conversion to USDC and refunds to UST holders using FDIC-style caps.” rice field”.
Prior to submitting an official proposal within Terra Station’s official Governance Protocol for Terra, the Luna Foundation Guard announced that Bitcoin reserves were used to repurchase Terra assets through OTC transactions. FatMan said he was “broken heart” when he saw the “really believed” system collapse in this way, with the UST pegs lost and the reserves completely exhausted.
In the thread, FatMan recalled many parts of the Terra story that he unveiled over the past few months. He talks about fake chai volumes to artificially inflate demand, jump capital to rescue UST in 2021, dokwon sucking money into offshore accounts, and anchor volume to create a “stable façade” Disguised as.
FatManTerra sympathized with other investors, “I can’t tell you about their broken heart by tweeting,” and ended the thread. He continued to say that he was “sick” of the crypto industry scammers and that people like Dokwon were “corrupting” it. He ended the thread by calling for his action.
“We reveal all the misconduct of TFL and Dokwon and demand a fair trial so that justice can follow that path … In some way, Dokwon atones for his sins or retaliates. Face to face. “
Information on class proceedings can be found below.
It is difficult to describe in words how deeply this affected the victim. Thousands of people have lost years of savings – I can’t tweet their broken heart. To see all of this and laugh without regrets or regrets, you need a true sociopath. (13/15)
— FatMan (@FatManTerra) July 26, 2022
