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Do Kwon Sent $4.5 Million to Top Korean Law Firm

It is alleged that Terraform Labs (TFL) CEO and founder Do Kwon sent $4.5 million to a top Korean law firm through transfers made in July and August of 2022.

The payment was allegedly uncovered by the financial crimes division of the Seoul Southern District Prosecutors' Office, which has reportedly been tracking Kwon's finances since official investigations began probing his involvement in the Terra/UST collapse of May 2022.

Sources familiar with the investigation say that Kwon has been sending money to attorneys at a major Korean law firm since the beginning of these investigations.

These payments are also outlined in the official accusation against Kwon placed by the US Securities and Exchange Commission (SEC) for selling unregistered securities, which was released in February 2023.

The SEC claims that Kwon cashed out 10,000 BTC from a Luna Foundation Guard (LFG) wallet by using a Swiss bank account.

Terra Terra $0.42
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