Terraform Labs and Do Kwon to Face Class-Action Lawsuit in Singapore
Terraform Labs and its co-founder Do Kwon failed to dismiss a class-action lawsuit in Singapore, where 375 claimants allege losses of $57 million. The lawsuit accuses Terraform Labs of fraudulent misrepresentation in promoting the terraUSD (UST) stablecoin, contributing to significant financial losses. Legal Challenges Intensify for Terraform Labs Terraform Labs, along with its co-founder Do […