Do Kwon Lawyers Received $7 mn
According to South Korean authorities, Do Kwon, the CEO of Terraform Labs, transferred $7 billion to Kim & Chang, a prestigious South Korean law firm, just before the stunning collapse of the Terra ecosystem.
According to KBS News, prosecutors viewed Kwon’s decision to pay millions of dollars to the law firm as a planned action that reportedly demonstrated his understanding of the impending collapse and anticipated legal issues.
Prosecutors hope that the evidence will help with the current fraud prosecution while also attempting to link Kwon’s malice in prepaying the legal team. Furthermore, Kim & Chang’s attorneys met with Kwon and Terraform’s former CFO, Han Chang-joon, during their trip to Montenegro.
(With inputs from Shikha Singh)
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