The post Jailed In The US, But Do Kwon Faces New Troubles In Singapore appeared on BitcoinEthereumNews.com. Do Kwon, founder of Terraform Labs, lost a legal battle regarding a luxury apartment in Singapore. He tried to reclaim $14 million in payments, which were forfeited when the purchase deal fell apart in 2023. This defeat represents another setback for the embattled founder, although it’s hardly his most dire legal challenge. Still, this $14 million could’ve helped rebuild his finances or mitigate incoming fines. Do Kwon’s Singapore Lawsuit The Terraform Labs founder has been through a lot of trouble since his company collapsed in 2022. Although he initially pled innocent to US fraud charges, he agreed to a deal with prosecutors less than a month ago. Sponsored Sponsored Now, Do Kwon is facing another setback, involving a property in Singapore and an ensuing lawsuit: “Kwon had set his sights on the Sculptura Ardmore unit valued at [$30] million five months before the collapse of his cryptocurrencies TerraUSD and Luna in 2022. He had selected a 7,600 square foot duplex four-bedroom penthouse on the 19th floor of the development, one of only three penthouses in the project,” local outlets claimed, paraphrasing original court documents. Specifically, Do Kwon paid approximately half the price of this Singapore apartment, but the deal started to sour in 2023. Despite attempts to keep the contract open or continue renting the property past the sale deadline, both Kwon and his wife vacated by that July. Subsequently, the developer reclaimed the apartment and sold it to another buyer. This led Do Kwon to take a lawsuit to Singapore’s high court, attempting to recover his lost $14 million investment. The developer, in turn, pressed his own claims, demanding an additional month’s rent and repair costs; Do Kwon apparently began substantial renovations. A Series of Defeats In any case, neither party was fully satisfied. Singapore ruled firmly against Do… The post Jailed In The US, But Do Kwon Faces New Troubles In Singapore appeared on BitcoinEthereumNews.com. Do Kwon, founder of Terraform Labs, lost a legal battle regarding a luxury apartment in Singapore. He tried to reclaim $14 million in payments, which were forfeited when the purchase deal fell apart in 2023. This defeat represents another setback for the embattled founder, although it’s hardly his most dire legal challenge. Still, this $14 million could’ve helped rebuild his finances or mitigate incoming fines. Do Kwon’s Singapore Lawsuit The Terraform Labs founder has been through a lot of trouble since his company collapsed in 2022. Although he initially pled innocent to US fraud charges, he agreed to a deal with prosecutors less than a month ago. Sponsored Sponsored Now, Do Kwon is facing another setback, involving a property in Singapore and an ensuing lawsuit: “Kwon had set his sights on the Sculptura Ardmore unit valued at [$30] million five months before the collapse of his cryptocurrencies TerraUSD and Luna in 2022. He had selected a 7,600 square foot duplex four-bedroom penthouse on the 19th floor of the development, one of only three penthouses in the project,” local outlets claimed, paraphrasing original court documents. Specifically, Do Kwon paid approximately half the price of this Singapore apartment, but the deal started to sour in 2023. Despite attempts to keep the contract open or continue renting the property past the sale deadline, both Kwon and his wife vacated by that July. Subsequently, the developer reclaimed the apartment and sold it to another buyer. This led Do Kwon to take a lawsuit to Singapore’s high court, attempting to recover his lost $14 million investment. The developer, in turn, pressed his own claims, demanding an additional month’s rent and repair costs; Do Kwon apparently began substantial renovations. A Series of Defeats In any case, neither party was fully satisfied. Singapore ruled firmly against Do…