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Do Kwon Sent Millions to Lawyers Before Collapse, KBS Reports

Terraform Labs Pte co-founder Do Kwon sent 9 billion won ($7 million) to a top South Korean law firm just before the collapse of the firm’s stablecoin terra and cryptocurrency luna, according to South Korean prosecutors, KBS News reported.

Sending money to lawyers at Kim & Chang before the crash suggests Kwon was aware it was about to happen and expected legal problems, the news outlet said. Prosecutors believe that might help in their fraud case against Kwon, KBS said.

Lawyers from Kim & Chang, the largest law firm in South Korea, left for Montenegro a few days ago to meet with Kwon and Terraform’s former chief financial officer, Han Chang-joon, KBS said citing people familiar with the matter, without identifying them.

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