Terraform Labs Do Kwon Reclaims Singapore Luxury Home 19.40 million Singapore Dollar Payment Rejected
2025-09-06 06:30:11
According to Singaporean media, Terraform Labs co-founder Do Kwon took a fancy to a Singapore dollar top-floor mansion 38.80 million Orchard Road in Singapore five months before the collapse of his cryptocurrency launch, and paid about 19.40 million Singapore dollars (50% of the purchase price) for the option fee and subsequent payment, but the transaction was not completed. It is reported that the property developer has confiscated the huge money after the Do Kwon accident. Korean Do Kwon believed that the money should be invalid confiscation, so he entrusted his wife to recover it from the Singapore High Court, but the recovery of funds has been rejected by Singapore High Court Judge Philip Jeyaretnam. In addition, Do Kwon and Luna Foundation Guard were sued by 366 investors at the Singapore International Commercial Court in May this year, facing claims of about 66 million to 90 million US dollars.
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