Albright Capital Drops Lawsuit In Opposition To Terraform Labs And Attain Kwon

Albright Capital has dropped its lawsuit in opposition to Terraform Labs and its founder Attain Kwon, in accordance with a Gape of Voluntary Dismissal filed in U.S. District Court docket on January 9. Forward of its dismissal, the lawsuit had alleged that the firm had violated the Racketeer Influenced and Immoral Organizations Act (“RICO”) by working the stablecoin, UST, as a “Ponzi diagram.”

Three Arrows Capital (3AC) co-founder Su Zhu posted the dismissal to Twitter, saying: