⚖️ BREAKING: Do Kwon Loses Bid for S$19.4M Penthouse Payment

Singaporean media reports that Terraform Labs co-founder Do Kwon has been denied his attempt to reclaim nearly S$19.4 million paid for a luxury penthouse just five months before the collapse of his crypto empire. The Singapore High Court upheld the property developer’s forfeiture of the funds.

Meanwhile, Kwon and the Luna Foundation Guard are also battling a separate class-action lawsuit at the Singapore International Commercial Court, where 366 investors are seeking between $66 million and $90 million in damages.

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