Do Kwon facing justice – Now that Do Kwon was arrested and that it is in the hands of justice, the revelations about the Terra affair and the runaway of its founder begin to bloom. According to South Korean prosecutors, Do Kwon spent 7 million dollars in local attorneys’ fees before the collapse of Terra and its entire ecosystem.
Do Kwon: a $7 million defense
From South Korean media to Bloomberg, the news is going around the world. The founder of Terraform Labs (who is already the subject of criminal proceedings in South Korea, but also in the United States for having led the Terra ecosystem and its 60 billion dollars to ruin) would therefore have taken the trouble to remunerate generously his lawyers just before things went wrong for him.
In details, Do Kwon would have these funds to Kim & Chang. For their part, Korean prosecutors have confirmed that the information ” was not wrong “While the lawyers told our colleagues at Bloomberg that they had given” legal advice as usual ».
This new revelation could have significant consequences in the ongoing criminal proceedings against Do Kwon. This expense could be seen as evidence of guilt or an attempt to cover up business problems. As a reminder, Do Kwon would risk for the moment 40 years in prison in South Korea, even 100 years in prison in the United States. Case to follow.
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