Singapore Court Awards Terraform Investors Over $3M

Singapore court grants $3M to Terraform UST collapse victims

Singapore court has awarded more than $3 million in damages to 40 investors after finding Terraform Labs and co-founder Do Kwon liable for fraudulent misrepresentations tied to the 2022 TerraUSD collapse. According to the June 29 judgment from the Singapore…

Singapore Court Awards Terraform Investors Over $3M

Singapore’s SICC awarded over $3 million to 40 claimants in the Terraform and Do Kwon UST fraud case. The court ruled Terraform and Do Kwon made fraudulent UST stability claims before the 2022 collapse. The ruling sets a precedent for crypto damages, strengthening accountability in digital asset disputes. On June 29, 2026, the Singapore International Commercial Court (SICC) awarded more than $3 million in damages to 40 claimants after finding Te…

Singapore Court Finds Terraform Labs And Do Kwon Liable For Fraud In UST Collapse Case

BitcoinWorld Singapore court finds Terraform Labs and Do Kwon liable for fraud in UST collapse case The Singapore International Commercial Court (SICC) has ruled that Terraform Labs and its co-founder Do Kwon are liable for fraud in connection with the collapse of the TerraUSD (UST) stablecoin in 2022. The court ordered the defendants to pay more than $3 million in damages to a group of 40 plaintiffs who brought a class-action lawsuit, as repor…