![The Case for Suing Celsius, Terraform Labs](https://www.coindesk.com/resizer/1NaKxs-0o5GUIuUiIGmkIUqpaLs=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/NWP3DGNLZ5GJDFBUFM4L4LAOVA.jpg)
The same group of plaintiffs, which includes pseudonymous Terra victim and researcher Fatman, has said it will also file suit against Terraform Labs, the entity that created a litany of apps – like the lending protocol Anchor – that used the LUNA and UST tokens. That possibility highlights one of the key underlying points in the Terra case: Despite leaning on the rhetoric of “decentralization,” Terra was tightly controlled by a small inner group. That could in and of itself become further grounds for claims of misrepresentation and fraud.
Source: https://www.coindesk.com/layer2/2022/06/24/the-case-for-suing-celsius-terraform-labs/?utm_medium=referral&utm_source=rss&utm_campaign=headlines