Foresight News|Jun 29, 2026 10:30
[Singapore Court Orders Terraform Labs to Compensate Over $3 Million to 40 UST Investors]
Foresight News reports, according to Bloomberg, the Singapore International Commercial Court has issued a second tranche ruling on the investor fraud case stemming from the collapse of TerraUSD (UST). The court found crypto company Terraform Labs and its founder Do Kwon guilty of fraudulent conduct and ordered compensation to 40 out of 275 plaintiffs, with the total compensation exceeding $3 million. The court calculated the compensation amount partially based on the quantity of UST held by each plaintiff and the duration of their holdings.
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