South Korean prosecutors have confirmed that Terraform Labs CEO Do Kwon paid 9 billion won (nearly $70 million) to top South Korean law firm Kim & Chang. before the Terra ecosystem collapses.
Kwon’s decision to send millions to the law firm was flagged by prosecutors as an act of intent. This reinforces that he is fully aware of the impending collapse. and expect legal problems to follow As reported by KBS News
Prosecutors believe the information will help in the ongoing fraud case. Kim & Chang’s lawyers also visited Montenegro to meet Han Chang-joon, the former chief financial officer of Kwon and Terraform.
Do Kwon was previously arrested at Podgorica Airport in Montenegro after attempting to fly to Dubai using forged documents. and after the arrest Both the US and South Korean authorities have demanded extradition, however, the court has not yet made a decision.
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