The Singapore International Commercial Court ruled that Terraform Labs and its founder, Do Kwon, must compensate 40 TerraUSD (UST) investors with more than $3 million. The ruling falls under the second phase of the fraud lawsuit related to the TerraUSD collapse and involves some plaintiffs among 275 claimants. The compensation amount is determined based on the quantity of UST held and the holding period. (Bloomberg)

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