Do Kwon Loses $14 Million Penthouse Deal, Legal Battles Mount

Terraform Labs founder Do Kwon’s extravagant penthouse purchase has collapsed, leaving him with nothing but financial losses after the deal was rejected in court. The once-luxurious home he had intended to call his own has now become a symbol of Kwon’s diminishing fortune as investors and regulators continue their pursuit of justice. 2023 saw Kwon’s hopes for a high-profile home purchase unravel when Singaporean developer resold the 7,600 square foot duplex after failing to complete the deal by a mid-2023 deadline.