The Singapore International Commercial Court has ordered Terraform Labs and its founder Do Kwon to pay over $3 million to 40 investors affected by the 2022 TerraUSD collapse. The court found that Terraform Labs committed fraud, leading to significant losses for investors. This decision is part of ongoing legal proceedings involving claims from 275 investors, with compensation determined by the amount of UST held and the duration of the holding period.
Singapore Court Orders Terraform Labs to Pay $3M to TerraUSD Investors
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