Terraform Labs Ordered to Pay Over $3M to 40 UST Investors

Singapore court mandates Terraform Labs and Do Kwon to compensate 40 UST holders over $3M, basing awards on token quantity and holding duration.

Woofun AI reports that the Singapore International Commercial Court issued rulings in the second batch of investor fraud cases stemming from the TerraUSD collapse. The court found Terraform Labs and founder Do Kwon liable for fraudulent acts, ordering compensation for 40 of the 275 plaintiffs. The total award exceeds $3 million, with individual amounts calculated based on each plaintiff's UST holdings and the duration of their investment.