But Peter Johnson, the lead plaintiff, claimed that Maker advertised the over-collateralization policy as a safeguard that caps losses at 13% and that the collateral would return to users. When ETH’s price sharply dropped in March 2020 during a market-wide crash, his position and that of many others on the platform were liquidated, Johnson alleged.
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- Source: https://www.coindesk.com/policy/2023/02/24/crypto-investors-28m-black-thursday-lawsuit-against-defi-giant-maker-dismissed-by-us-judge/?utm_medium=referral&utm_source=rss&utm_campaign=headlines