{
  "id": 18489762,
  "title": "Terraform Labs, Do Kwon ordered to pay investors at least US$1.3 million over UST collapse",
  "url": "https://urgent.news/2026/11/06/terraform-labs-do-kwon-ordered-to-pay-investors-at-least-us-1-3",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-06T10:56:30.000Z",
  "source": {
    "name": "The Business Times - Singapore",
    "slug": "the-business-times-singapore",
    "url": "https://www.businesstimes.com.sg/singapore/terraform-labs-do-kwon-ordered-pay-investors-least-us1-3-million-over-ust-collapse"
  },
  "original_language": "en",
  "account": "The Singapore International Commercial Court has ordered Terraform Labs and its co-founder Do Kwon to pay approximately US$1.3 million in damages to investors affected by the collapse of TerraUSD stablecoin in 2022. The ruling covers 31 investors, including 28 from the third round of a representative action and three from the second round. The court found that all investors relied on the defendants' false statements regarding TerraUSD's stability, peg to the US dollar, and the safety of the Anchor savings product. The damages were limited to losses up to May 12, 2022, when the stablecoin failed to maintain its peg for four consecutive days.",
  "summary": "They are to compensate investors who bought TerraUSD on promises they admitted were fradulent",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}