South Korea Signals Do Kwon Retained Law Firm Before Terra Collapse That Roiled Crypto
- Prosecutors say a report Kwon paid a law firm ‘isn’t false’
- Kwon is being detained in Montenegro and faces extradition
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South Korean prosecutors indicated fallen crypto entrepreneur Do Kwon sent funds to a local law firm just before tokens he created suffered a $60 billion wipeout that shook the digital-asset sector.
A report by KBS News that Kwon sent 9 billion won ($7 million) to law firm Kim & Chang — including a payment just ahead of the collapse of the TerraUSD and Luna tokens — “isn’t false,” the prosecutors’ office in Seoul said in a text message Monday.