It turned out that Do Kwon sent $7 million to his lawyers just before the Terra (LUNA) crisis.
Legal processes regarding crypto collapses and accompanying bankruptcies continue at full speed. With the collapse of the Terra crisis, close to $ 40 billion in the crypto ecosystem had evaporated. Acting on this issue, prosecutors revealed new developments.
New details are coming to light in the events where Do Kwon was arrested and 315 million dollars of illegal money was detected. Finally, prosecutors found that Do Kwon’s lawyers received $7 million just before the Terra crisis.
Do Kwon Can’t Get Rid of Legal Processes
Do Kwon, one of the architects of the Terra crisis and alleged to have seriously damaged the crypto ecosystem, was arrested in Montenegro. Immediately after this arrest, extradition was requested by the USA and South Korea. However, a final decision on this issue has not been made yet.
Many details about Do Kwon, whose legal processes have been initiated, began to emerge. It was stated that the actors of the Terra crisis were related to an illegal money of 315 million dollars. About $69 million of that money was directly related to Kwon.
Another detail about the Kwon case and the Terra processes came to the fore. South Korean prosecutors have confirmed that Kwon sent $7 million to Kim & Chang, one of South Korea’s leading law firms, just before the collapse of the Terra ecosystem.
Kwon’s transfer of millions of dollars to the law firm was considered a deliberate move by prosecutors. On top of that, prosecutors claimed that Kwon was aware of the impending collapse and foresaw anticipated legal issues.
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