Terraform Labs Hit With RICO Suit Over Stablecoin Collapse

By Katryna Perera (August 26, 2022, 7:19 PM EDT) -- Blockchain company Terraform Labs and its two top executives were hit with a proposed class action for allegedly violating the Racketeer Influenced and Corrupt Organizations Act by artificially inflating the price of the company's stablecoins and publishing misleading information following the cryptocurrency's collapse to cover their tracks in an $80 million money laundering scheme....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!