A slew of crypto companies including Terraform Labs, Three Arrows Capital, and Jump Crypto, along with Terra chief Do Kwon are the targets of a recently filed class-action lawsuit that alleges they misled investors, lied about their tokens' stability, and broke federal securities laws.

Terra team held in South Korea as Do Kwon named in securities lawsuit

The suit alleges defendants, which also include Terraform Labs, conned investors by failing to register tokens as securities with the SEC.

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