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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
Do Kwon in Seoul, earlier in April.
Do Kwon in Seoul, earlier in April.Photographer: Woohae Cho/Bloomberg
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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.