A large South Korean law firm will reportedly sue Do Kwon after the collapse of the UST.
According to a report in the local newspaper Munhwa Ilbo, one of South Korea’s top law firms, LKB & Partners, will sue Terraform CEO Do Kwon for investors who lost money due to the collapse of the UST stablecoin. The company also decided to issue a lien order to confiscate Kwon’s properties. Kim Hyeon-Kwon, one of the partners of LKB, told the newspaper:
“There are also aggrieved investors in the company and we will file a complaint against Kwon at the Seoul Police Service Financial Investigation Unit.”
According to a news in another local newspaper called Yonhap, the law firm is considering suing Terra co-founder Daniel Shin as well.
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