The Singapore court ruled that Terraform Labs and Do Kwon must compensate TerraUSD victim investors over 3 million dollars

According to Bloomberg, the Singapore International Commercial Court ruled that Terraform Labs and its founder Do Kwon committed fraud in a case related to the 2022 TerraUSD stablecoin collapse, and ordered them to pay over $3 million to 40 claimants.

This ruling is part of the second phase of a case involving claims from 275 investors, with the compensation amount calculated based on the number of UST held by the claimants and the duration of their holdings.