Do Kwon’s Terra Says Crypto Case Unfair and ‘Highly Politicized’
- Terra disputes accusation of breaches of capital-markets law
- South Korea has asked Interpol for help in arresting Kwon
This article is for subscribers only.
Terraform Labs, the digital-asset firm of hunted entrepreneur Do Kwon, rejected South Korean charges over a $60 billion cryptocurrency collapse and said the case against him had become “highly politicized.”
A spokesperson for the firm said in a statement that prosecutors had demonstrated “unfairness and a failure to uphold basic rights guaranteed under Korean law,” adding that there’s “no reasonable basis” for their accusation of breaches of capital-markets law.