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Singapore court awarded more than $3 million to 40 investors after finding Terraform Labs and Do Kwon liable for fraudulent UST claims.The ruling followed earlier court findings and used a revised UST valuation that increased compensation for eligible claimants.Terraform’s legal troubles continue as bankruptcy proceedings and other lawsuits linked to the 2022 Terra collapse remain ongoing.

OpenAI has launched a limited preview of GPT-5.6 models named Sol, Terra, and Luna.The model names sparked discussion among crypto users due to their resemblance to Solana and Terra.OpenAI said the names indicate model capabilities and are not linked to cryptocurrency projects.

The analysts underscored that Strategy's Stretch (STRC) can't technically lose its “peg.”

Singapore police charged former Hodlnaut CEO Zhu Juntao with six fraud counts tied to UST claims.Police said the alleged statements denied direct UST exposure and losses after Terra’s 2022 crash.Related reports show Hodlnaut previously faced claims of $190 million in UST-linked losses.

Terraform Labs accused Jane Street of precipitating the collapse of the UST/LUNA algorithmic stablecoin through insider trading and market manipulation.The quant firm argues the lawsuit is an attempt to shift blame for a fraud that has already been prosecuted.

Leap Wallet will shut down its apps, web platform, exchange tool, and validator service by May 28.Users can still access assets through another wallet using their recovery phrase or private key.Leap began in Terra and expanded into Cosmos after the 2022 collapse changed its path.

Leap was launched in late 2021 with a $50,000 grant from Terraform Labs, the no-longer-operating R&D firm behind the TerraUSD.After the collapse of Terra, Leap pivoted to become an ecosystem wallet for Cosmos chains.