{"id":77360,"date":"2023-04-17T16:54:25","date_gmt":"2023-04-17T13:54:25","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=77360"},"modified":"2025-09-10T22:51:33","modified_gmt":"2025-09-10T19:51:33","slug":"do-kwons-lawyers-received-7-million-before-the-terra-collapse","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/do-kwons-lawyers-received-7-million-before-the-terra-collapse\/","title":{"rendered":"Do Kwon’s lawyers received $7 million before the Terra collapse"},"content":{"rendered":"

The head of Terraform Labs (TFL), Do Kwon, sent 9 billion won ($7 million) to leading South Korean law firm Kim & Chang over the course of several months before the Terra ecosystem collapse. This, according to KBS News<\/a> citing the prosecutor’s office.<\/p>\n

Officials described Kwon’s actions as intentional, suggesting his awareness of the looming collapse and potential legal trouble. The information could serve as further evidence of the TFL chief’s culpability.<\/p>\n

Authorities are tracing the origin of the funds sent to Kim & Chang. If authorities prove that the firm illegally cashed out client assets, Do Kwon could face embezzlement charges.<\/p>\n

23 March 2023, Montenegro police arrested<\/a> Do Kwon, who was attempting to fly from Podgorica airport to Dubai using forged documents.<\/p>\n

The arrest followed requests from U.S. law enforcement authorities, Singapore<\/a> and South Korea. Earlier media, citing Seoul prosecutors, reported that he is hiding in Serbia<\/a>.<\/p>\n

On March 29, it became known that Kwon will stand before a court in Montenegro<\/a> before extradition. The U.S. Attorney’s Office in New York also brought<\/a> eight counts of criminal charges against the co-founder of TFL.<\/p>\n

In April, investigators discovered<\/a> illicit assets linked to TFL and Do Kwon worth $314 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

The head of Terraform Labs (TFL), Do Kwon, sent 9 billion won ($7 million) to leading South Korean law firm Kim & Chang a few months before the Terra ecosystem collapse. KBS News reports, citing the prosecutor’s office.<\/p>\n","protected":false},"author":1,"featured_media":77361,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[974,852],"class_list":["post-77360","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-south-korea","tag-terra"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=77360"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77360\/revisions"}],"predecessor-version":[{"id":77362,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77360\/revisions\/77362"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/77361"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=77360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=77360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=77360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}