Jump Trading slams $4B Terraform lawsuit as blame-shifting, denies secretly propping UST peg in 2021
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Terraform Labs founder Do Kwon has lost a $15.1M down payment on a luxury Singapore penthouse after failing to complete the purchase, with the court also ordering his wife to pay an extra month’s rent. The 19th-floor Sculptura Ardmore unit was later resold for $26.9M as Kwon faces fraud charges in the U.S. and South Korea.
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Terraform Labs crypto loss claims portal to open on March 31 and all claims must be submitted by April 30, 2025 at 11:59 p.m. ET
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