Do Kwon of Terraform Labs Refused Refund for $14M Penthouse
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Sep 07 2025Kwon's Failed Property Purchase: Do Kwon lost a S$19.4 million deposit on a luxury penthouse after failing to complete the purchase by the deadline, leading to a court ruling that upheld the developer's right to resell the property.
Ongoing Legal Challenges: Kwon faces multiple legal issues, including a guilty plea in the U.S. for conspiracy and wire fraud, and lawsuits from investors in Singapore seeking up to $90 million in damages related to the Terra collapse.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
