Singapore High Court Refuses Do Kwon’s $14M Refund Request

Do Kwon, co-founder of Terraform Labs, has been dealt another legal blow as the Singapore High Court denied his request for a $14.2 million refund on a luxury penthouse deposit. This marks a significant setback for Kwon following the collapse of TerraUSD and Luna in 2022. The court’s decision highlights ongoing legal challenges faced by blockchain entrepreneurs in real estate, with no immediate market impact from this ruling.