Do Kwon, the first catfish in the stablecoin industry, is trying to recover the purchase price to "defend his rights"
This article is from: Business Times
compilation|Odaily Planet Daily (@OdailyChina); Translator|Azuma (@azuma_eth)
Editor's note: The man who once stirred up the world of stablecoins is now in the midst of a legal dispute over the recovery of the purchase price.
As one of the loudest names in the last bull market, the issuance of the algorithmic stablecoin UST launched by Do Kwon was once as high as tens of billions of dollars, and his own worth was also measured in "billions" at the peak of LUNA, but everything has been disillusioned Half of the house payment that was paid before the crash but was not able to complete the purchase in the end.
The following are the details of the story published by the Business Times quoted by Singapore's local media "Lianhe Zaobao", compiled by Odaily.
Business Times quoted Lianhe Zaobao as saying that the Singapore High Court has dismissed a claim filed by Do Kwon, co-founder of defunct...