Do Kwon is in trouble again. This time it's not about coins, it's about a house.

The once-glorious founder of UST/LUNA, five months before the crash in 2022, set his sights on a luxury apartment on Orchard Road in Singapore—a 706 square meter penthouse duplex with four bedrooms, of which there were only three units available. Priced at 38.8 million Singapore dollars, he directly paid nearly 19.4 million (almost half) and also signed a 16-month lease agreement with a monthly rent of 40,000 Singapore dollars.

But the transaction ultimately did not go through. In July this year, the Singapore High Court rejected his lawsuit requesting a refund. The developer SC Global confiscated all his funds, including a 10 million deposit for the house purchase and 640,000 in rent. Later, his wife stayed for an additional month and was asked to pay 400,000 Singapore dollars in monthly rent plus legal fees.

Ironically, this house was eventually sold for 34.5 million Singapore dollars — 4.3 million less than his offer.

From billions of dollars in assets to suing over a house, this is the true portrayal of the crypto world.