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HomeCryptocurrency NewsDo Kwon lawyers received $7 million before Terra collapse

Do Kwon lawyers received $7 million before Terra collapse


Prosecutors have confirmed that Kwon Do Hyun, CEO of Terraform Labs, sent a large sum of money to Kim & Chang, Korea’s largest law firm, shortly before the crash.

According to KBS News, Kwon’s choice to pay millions of dollars to the law firm was viewed by prosecutors as a planned action that reportedly underlined his understanding of the approaching collapse and anticipated legal issues. Money sent to law firm Kim & Chang reached 9 billion won($6, million).

Additionally, we observe that payments started “shortly before the crash”. This is because it might be assumed that CEO Kwon was aware of the potential of a “collapse” beforehand and had prepared legal defenses. This may serve as further evidence of Kwon’s purported deception.

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